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DYongs
Dec 21, 2020 5:56 PM

GBPAUD: Where From Here? 

GBP/AUDOANDA

Description

Expecting GA to drop before making a U-turn to the upside and potentially rally up to 1.8400 in the process. If I do get my entry at 1.7500 I'll be looking at collecting 900 pips if everything goes according to plan. There's a lot of fundamentals surrounding the Pound at the moment as there were news that surfaced on the weekend about Mutant Coronavirus Strain, Brexit No-Deal and London going back to full lockdown, I think it's fair to say not everything will g smoothly in terms of my analysis after all this is Trading there are never guarantees.

Fortunately should things go south there is a way out as I make sure risk management comes first before anything else. My advice to anyone who's looking to make it here in this business is for them to make sure they do apply risk management in their trades at all times. Btw an idea I posted Friday on GBPUSD is currently going according to plan Check it out.

If you've got any questions comment below.
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