GBPAUD breakout failure opportunity

GBPAUD failed to hold above the 1.816 level. With this breakout failure, we're getting a good indicating that the trend is changing. Current entry as price re-enters below this level offers good momentum to the downside.



Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.