IvanLabrie

GBPAUD: Downtrend is done

Long
IvanLabrie Updated   
FX:GBPAUD   British Pound / Australian Dollar
We have a good opportunity to go long GBPAUD with a rather tight stop loss here. Now that RgMov shows us that the trend is up once again, we look to buy on oversold dips, but that might take a while, after this first run up is done and momentum slows down in this pair.

Good luck!

Ivan Labrie.
Comment:
90 pips up, with a 94 pip stop. Looks promising overall.
Comment:
If you took the trade, you're welcome.
You can close partially if you want, I'm holding for now.
Trade closed manually:
I'm out for now, will reenter after the correction is done.

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