GBPAUD SS Short +180 Pip potential

1 Nis 2019

The Daily and 60 are bearish. This is a Type 2 trade with a High probability and good RRR
2 potential entries
1st Entry = 1.8364
or
2nd Entry 1.2766
Stop = 30 pips
Profit target = 1.8164 (projected daily low)

1 Nis 2019

Not

GBP is showing good strength today and although GBPAUD is the weakest of the GBP pairs, I am cancelling the Sell at 1.8364 (price is currently at 1.8346 and rising). I will leave the trade set-up open and will post another entry opportunity if one presents itself

1 Nis 2019

Emir iptal

Just not seeing the Sell at this point so I am cancelling this trade idea

1 Nis 2019

Not

Good educational point. Although this was a solid sell opportunity, learning to recognize and understand that GBP was strengthening, allowed us to cancel the trade and prevent a loss :)