GBP/AUD Bearish Continuation as Expected

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/AUD is going down as we took the sell position yesterday.

Triple pinbar rejection was really a no brainer short. At this point we can see that shorts are playing out well giving us more than 200 points per multiple positions. This is the MEGATREND trading method trade. The first target has been hit, the 2nd target is 1.8756. The final target for this move could even be 1.8650 zone but we need to treat this trade as a retracement positional entry.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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