GBPAUD short off resistance + ma

20 day SMA being hit by a long bull run with no retracement. Price will likely push past then bounce back to the 8 day EMA.

Stop is just outside of the price reversal zone.

Yorum:

Price is touching the 8 day MA which means there is a possibility of another bounce.

However, crude(CL) is pushing above its 20 day MA and if it finishes the day higher than 31.85 I will keep this trade live as it is a sign of a reversal. Stop has been moved to 2.045

Yorum:

Closed out @ 2.0225
~225 pip gain