The expected recoil had occured in the Gbp/Aud pair. This may provide at the end of the week as a more reasonable stop for a short position (prior stop was over 1,000 pip away and provided a not so good profit to potential earn ratio). This recent high, in a shorter term chart, is being used at present for the stop in my short position.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
