GBPAUD SS Short +180 Pip potential
Updated
The Daily and 60 are bearish. This is a Type 2 trade with a High probability and good RRR
2 potential entries
1st Entry = 1.8364
or
2nd Entry 1.2766
Stop = 30 pips
Profit target = 1.8164 (projected daily low)
2 potential entries
1st Entry = 1.8364
or
2nd Entry 1.2766
Stop = 30 pips
Profit target = 1.8164 (projected daily low)
Note
GBP is showing good strength today and although GBPAUD is the weakest of the GBP pairs, I am cancelling the Sell at 1.8364 (price is currently at 1.8346 and rising). I will leave the trade set-up open and will post another entry opportunity if one presents itselfOrder cancelled
Just not seeing the Sell at this point so I am cancelling this trade ideaNote
Good educational point. Although this was a solid sell opportunity, learning to recognize and understand that GBP was strengthening, allowed us to cancel the trade and prevent a loss :)
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