Bearish swing trade on GBPAUD
Updated
I got a bearish signal and a market cycle lining up. Also the COT has both of these currencies being shorted. The Aussie is correlated to gold and this is typically a great month for gold. So it looks like fundamentals and technicals are lining up.
On the daily I have a trade entry @ 1.786, but I'm taking the position and managing it on the 4h.
Seasonality has the GBPAUD bearish from Jun 26 - Jul 20
Entry @1.786| SL@ 1.7905| TP1 1.750| TP2 1.7200
On the daily I have a trade entry @ 1.786, but I'm taking the position and managing it on the 4h.
Seasonality has the GBPAUD bearish from Jun 26 - Jul 20
Entry @1.786| SL@ 1.7905| TP1 1.750| TP2 1.7200
Trade closed: target reached
TP triggered took half off and set stoploss to breakeven + some pips.Note
TP2 triggered and closed the last half of the trade.
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