Searle

GbpAud Running Short Setup

FX:GBPAUD   ポンド/豪ドル
The Market is currently in an Uptrend on the weekly timeframe. Currently I am trading the retrace of that uptrend on the 4 hour time frame. 1st signal was Pin Bar rejection off the 50fib level the 2nd signal was a smaller pin bar off the moving average. 2 positons got activated 1st position Tp was hit with +87 pips. 2nd position still running. Currently the market closed another Daily candle as a pin bar showing signs that the sellers are losing control and buyers have started coming back in. Time will tell where the market will move for the rest of the week until COT figures are released on Friday.
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