(+200) week48 GBPAUD 2nd round shorting after a retest


On daily chart price has already completed a head and shoulder

week48 gbpaud d1 head and shoulders completed 011215

After the previous round of shorting,


price is perhaps ready for the next downmove.

h4 011215

2nd position added
A retest of the trendline on h4 has been suggested with #trappedtrader signal being printed, after a key AUD news event.
The cons of this is that a short at current price equates a short into support.
however taking into consideration the larger picture and week to week downtrend,
this short has its merits.

week48 GBPAUD h4 trappedtraders  011215

edited 031215

power downmove for 2 days after testing identified. I will keep a mental note of this type of combination in the future.


week48 gbpaud h4 4x trappedtraders 031215



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