MaBaCapital2

GBP/UAD possible trading idea

Short
FX:GBPAUD   British Pound / Australian Dollar
So when we look at the chart we can see that the price was going up but is now struggling to break a zone that we could see as some sort of resistance. What we could do is we could go short here because we also have the numbers of the FIBB that supports it. What I would do is go short on low risk and put a few TP zones. Once the first one is hit I would move my SL to Entry and let the rest of the trade just run.

This trade is not active yet.

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.