I'm excited to share a trading setup on GBPAUD utilising the Sideway Bounce strategy. Here are the details:
- Setup: Sideway Bounce Trading
- Short Entry: 1.9324
- Long Entry: 1.9230
The Sideway Bounce strategy is a technique I've tested and traded since 2005, and I find it a comfortable and reliable approach.
In this scenario, I'm considering a short position at 1.9324 or a long position at 1.9230, aiming to capitalise on potential movements within this range.
This setup offers approximately 100 pips of profit potential, making it an intriguing opportunity to watch closely.
Feel free to share your thoughts and trade plans for GBPAUD. Are you inclined to go short or long?