EDFX

MY THOUGHT'S ON GBPAUD

Short
FX:GBPAUD   British Pound / Australian Dollar
VERY SIMPLE STUFF

BIAS: SHORT

DESCRIPTION: BEEN WATCHING AND BEEN IN THIS TRADE SINCE LAST WEEK BUT WE ARE FINALLY SEEING SOME MOVEMENT. REASONS FOR ME BEING SHORT ARE QUITE OBVIOUS. PRICE ACTION HAS BOUNCED OFF RESISTANCE @1.71000 AND NOW WE ARE HEADING TOWARDS SUPPORT @1.67300.
THIS TRADE IS JUST OVER 350 PIPS.

GOOD LUCK TRADING.

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