GBPAUD SS Short +180 Pip potential
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.