FX:GBPAUD   British Pound / Australian Dollar
This simple long trade is a combination of S&D, FIBO, and a custom indicator. The risk and reward ratio is nice here and i think it will be a successful trade. Provided it gets near my stop I will evaluate the S&Demand area and consider moving my stop to that zone. My general rule of thumb is I can move the stop 1 time only If I find a nice place below my current stop. However if it breaks those parameters I will stop and find a better place. Also the monthly candle formation tells me a little bit of a retrace is required. Whether it makes a move further or not is yet to be seen.
Trade closed: target reached


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