GBPAUD short off resistance + ma
Updated
20 day SMA being hit by a long bull run with no retracement. Price will likely push past then bounce back to the 8 day EMA.
Stop is just outside of the price reversal zone.
Stop is just outside of the price reversal zone.
Note
Price is touching the 8 day MA which means there is a possibility of another bounce.However, crude(CL) is pushing above its 20 day MA and if it finishes the day higher than 31.85 I will keep this trade live as it is a sign of a reversal. Stop has been moved to 2.045
Note
Closed out @ 2.0225 ~225 pip gain
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