JesusDiaz
Long

gbpaud playing strength

FX:GBPAUD   British Pound/Australian Dollar
130 3 0
**WT +250 Pips** gbp strong aud weak
was contemplating taking profits early for 2 reasons.
1. Price created a shooting star in an area of supply
2. The trade has been active for 2 weeks now, approaching the upper limits of my avg trade duration

Will hold off on taking profits because i believe in the strength that this pair exhibited mid february.
I am tightening stops to just below breakeven
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JesusDiaz JesusDiaz
WT +250
Reply
Yes, it may go up, the AUD is weak and the GBP is strong. Just consider the fact that currently the AUD is very oversold and it'll be probably fighting the overbought pound. But your stop is low enough to cushion any adverse move.
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