GBP/AUD is approaching the Daily 200 MA at 2.0447 and usually this area is always good for a bounce on first attempt at minimum. Target will be just before 38.2% retracement.
Buy Limit : 2.0450 above 200 Daily MA
Stop : 2.0370 below cluster support
Profit : 2.0650 before 38.2% Fib retracement
Risk 1 : 2.5 stop is 80 pips
Buy Limit : 2.0450 above 200 Daily MA
Stop : 2.0370 below cluster support
Profit : 2.0650 before 38.2% Fib retracement
Risk 1 : 2.5 stop is 80 pips
Trade active
Trade activated on Wednesday 10th September New York sessionTrade closed manually
Thursday 11th Sept – UTC 11:33am. Closing at 2.0458 for 8 pips profit because price action is consolidating possible for another leg lower.
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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.