British Pound / Australian Dollar
Short
Updated

GBPAUD SS Short +107 Pip potential

83
Price is below the Daily, 60 and 15 KS. This is a Type 2 trade with a High probability and good RRR.
Entry = 1.8284 (the 15KS)
Stop = 1.8314
Risk = 30 pips
Profit target = 1.8177 (the projected daily low)
Reward = 107
RRR = 3.5 -1
Trade active
This trade has been triggered and is now active
Note
Bit of a scare as price rocketed up to retest the 60 KS, but it held and the trade is now positive. :)
Trade closed manually
This trade got +25 then went the wrong way. Those of you who follow me, know I will move my stop to flat at +20. However since I didn't update this post we will mark this down as a loss. I apologize if anybody got caught on the wrong side.

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.