TradingView
IberiaTrading_mentoring
May 7, 2019 9:19 AM

Short GBP/AUD Short

British Pound/Australian DollarFXCM

Description

RBA big day and market had priced in a 51% probability for the rates to be kept on Hold and 49% probability for a rate cut. Finally the RBA kept interest rate unchanged and so the aussie dollar appreciated. Our trade idea is a pullback to the 50% Fib coinciding with a resistance and go short targeting next 15m support.

Trade closed: target reached

More