GBPAUD short structure play at weekly resistance / 200 weekly MA
Price is sitting right at weekly resistance (1.8260s) right now. Price travelled up to the 200WMA (1.8376) and seems to have found resistance there for now.
I am looking for a bearish candle stick set-up on the daily chart and waiting for it to break down. Nothing setting up yet but stalking it. For profits I will look to exit the trade at the weekly 20 WEMA (mean reversion trade).
I am looking for a bearish candle stick set-up on the daily chart and waiting for it to break down. Nothing setting up yet but stalking it. For profits I will look to exit the trade at the weekly 20 WEMA (mean reversion trade).