This should be a great place to short the GBPAUD. Former support is now resistance and the pair is testing that resistance. Pretty clean setup, not much else to say about this one. It will either work or it won't.
I'm using a 2:1 risk/reward on this on. I plan to hold this trade a bit longer than usual. I'm short @ 1.6544, Stop @ 1.6728, with my target not set yet, but somewhere in the 1.6150 area. Gonna double check my fibs after I post.
I'm using a 2:1 risk/reward on this on. I plan to hold this trade a bit longer than usual. I'm short @ 1.6544, Stop @ 1.6728, with my target not set yet, but somewhere in the 1.6150 area. Gonna double check my fibs after I post.
