short GBP/AUD @ 618 retracement
i have chosen to short GBP/AUD because it came back up, after a huge down trend, to previous structure area. It had couple of doji's to the up side.
so i think this one can't break structure area to the upper side. i predicted that the price breaks down and retraced .618 then i wanned to go short.
My prediction was exacly right so i dindt thought a second time. I shorted the pair on a retracement of 0.618. lets see what happen.
so i think this one can't break structure area to the upper side. i predicted that the price breaks down and retraced .618 then i wanned to go short.
My prediction was exacly right so i dindt thought a second time. I shorted the pair on a retracement of 0.618. lets see what happen.