FXLYJ

GBPAUD - About Time

Long
FX:GBPAUD   British Pound / Australian Dollar
Many will fear the PB on 9 May 2018, followed by a very bearish candle the very next day. However on Friday we see a slow down in the sell down within the zone. Is it a smart move to wait and trigger a long at the bottom of the zone?
I see more upside than downside for now. We shall see, but SL to be around 42 pips away with minimal risk to this trade.
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.