Here on the 4H GBPAUD we have a nice flag pattern after bouncing from the 50EMA. After breaking out of the flag we returned to the trend line and put in a Bearish Engulfing candle. This gives me a reason to short this market for at least 1:1 with a stop loss of 97pips.
Commento:
target one hit, no reason for exit on second half of position. Will manage this position on 1h