GBP/AUD Counter-Trend Move

Updated
GBP/AUD pair is likely to surge up on a larger time scale, however; we see a chance that a short-term move down might be in the books. As this is counter-trend (plus short term), we use tighter stop than usual.

Entry: 1.916
Stop: 1.922
Target: 1.906

Have a nice week! Follow for more!
Trade closed: stop reached
Trend beat us unfortunately. The good thing is that we used a tighter stop.
audaustraliandollarBeyond Technical AnalysisGBPGBPAUDgbpaudsellgbpaudshortTechnical IndicatorspoundpoundsterlingTrend Analysis

Also on:

Disclaimer