#GBPAUD Potential Trade
Will be waiting for this pair to rise back to the Trendline , enter on a bearish candle pattern and target the low .
We can see the yellow dashed lines are trailing stop points we will be using as the trade progresses down the chart .
You can read the Daily infor above the candles , from a 4hr perspective this is a really nice trade , as you can see the bullish run was stopped by the daily white zone and the daily descending trendline , before breaking below the 4hr bullish ascending trendline , retesting and failing to break through .
Will wait for candle confirmation at the next trendline touch to enter :)
Will be waiting for this pair to rise back to the Trendline , enter on a bearish candle pattern and target the low .
We can see the yellow dashed lines are trailing stop points we will be using as the trade progresses down the chart .
You can read the Daily infor above the candles , from a 4hr perspective this is a really nice trade , as you can see the bullish run was stopped by the daily white zone and the daily descending trendline , before breaking below the 4hr bullish ascending trendline , retesting and failing to break through .
Will wait for candle confirmation at the next trendline touch to enter :)