GBPAUD: Downtrend is done

We have a good opportunity to go long GBPAUD with a rather tight stop loss here. Now that RgMov shows us that the trend is up once again, we look to buy on oversold dips, but that might take a while, after this first run up is done and momentum slows down in this pair.

Good luck!

Ivan Labrie.

Kommentera:

90 pips up, with a 94 pip stop. Looks promising overall.

Kommentera:

If you took the trade, you're welcome.
You can close partially if you want, I'm holding for now.

Trade stängt manuellt:

I'm out for now, will reenter after the correction is done.