GBPAUD 120 Min CCI TLB Short

Aggressive but cautious short from TLB on 13CCI on H2 chart.
Exit either SL top of red candle to left, or when CCI crosses back up thru the dotted green down trendline

Note

The reason for caution is that CCI suggests an immediate drop but also says that Unless we see a CCI divergence in the cycle to the right, we could expect higher highs

Note

Taking T1 at 1.808 at support and moving SL below entry 1.816 to 1.8095 to assure profitable trade.
T1 +80 pip

Note

Pulling out at 1.8065 near 38.2% retrace of move up from 9/12 low.
T2 +95 pip

For education, Keep an eye on T3 for those who wait a CCI SAR Long signal when CCI crosses up thru a down trendline. Using a shorter TF can refine that turn point

Note

The SAR TLB occurred at 1.80998 at 8pm on 9/16

nicker

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nicker