GBPAUD trend is currently bearish and to continue this trend I will be looking for a retracement to the 0.5 fib level (1.74704) for a long sell back down to monthly support (1.73142). This trade will also give us a nice downtrend channel to continue in for a great profit opportunity.
- New to trading, so comment and tell me how I can improve! -
- New to trading, so comment and tell me how I can improve! -
Trade active
Trade active:
Took partial profits and moved my stop loss to breakeven. Will ride the rest of the trade out risk free.
Trade closed manually:
Trade still has a nice way down to go but I closed out fully with a nice 40+ pip profit.