IllusiveShroud

GBPAUD Price action Short (Backtesting)

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FX:GBPAUD   英鎊/澳元
GBPAUD was moving in a progressive uptrend on the weekly chart. Price was pushing towards recent resistance levels, forming a double top with the previous highs and so bulls were running out of steam. On the weekly time frame, a support trendline was drawn in order to target where a possible short trade would move towards as I anticipated a bearish pullback towards the support line.
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