Long GBPAUD with 3R
Nice long setup on GBPAUD 4hr chart, with price bouncing off 200EMA & previous resistance level, which has now become support. RSI also shows divergence, so at least 3 good reasons to enter. The trade has a good reward to risk of 3R. Ideal target it to ride it up to the top of the channel, but there is a good chance it can go further.
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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.