GBPAUD Mean Reversion Selling
I call it all as mean reversion because we are a flying piece of rock transiting through space to nowhere, and price is the same. There's no real anchor in price beside the anchor in the minds of the collective, and market movers.
Based on the current price action, we can see that price is somewhat overbought, not 100%, and price has made a reversal candle (based on experience).
Even though I did set TP and SL, but I am not expecting to hold it to the end, and instead, I am just testing the boundaries and possibilities, and I would exit at any time.
Currently, price is reverting back to the 20EMA and I would consider the 20EMA as the mean price anchor of the current collective and market movers.
Based on the current price action, we can see that price is somewhat overbought, not 100%, and price has made a reversal candle (based on experience).
Even though I did set TP and SL, but I am not expecting to hold it to the end, and instead, I am just testing the boundaries and possibilities, and I would exit at any time.
Currently, price is reverting back to the 20EMA and I would consider the 20EMA as the mean price anchor of the current collective and market movers.
Trade closed manually
Exited for -0.3R + 0.1R for comms. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.