GBP/AUD Sell Opportunity

20 thg 8, 2018

Overall bias on this pair was always bearish since last week. I was awaiting a pullback to take this pair even lover. We got a pullback to the 38.2% retracement on the 2 hour timeframe and combined that with the M.A's still remaining bearish w/ the area between my two MA's acting as dynamic resistance. To add we got even more confirmation from the hanging man / 3 pin pattern formed after we seen some buyers exhaustion. 1:1.3 R:R