pkealoha76

GBPAUD- Possible Retrace?

Long
FX:GBPAUD   British Pound / Australian Dollar
I don’t love this but I’m seeing a low risk entry on a minor retracement back to areas of previous resistance and support or market acceptance at the POC of the volume profile. The MACD and RSI looks poised to head upward? If it does retrace back the way presented I’m definitely looking for the corresponding short trade. I may test this one out however, with a very small lot size with the small risk reward opportunity present.

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