GBP/AUD short trade set up

18 thg 11, 2012

looks like a nice short trade set up. here are the reasons: price bounced of trend line, 2. of H. resistance, 3. of 50% fib, 4. nice pin bar on the 4 hour, 5. divergence, 6 pair is in a down trend. and least and last nice risk reward.if i did overlook something, please let me know