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Hamidmiah_
Mar 22, 2016 4:45 PM

GBPAUD - Possible Range trade Long

British Pound/Australian DollarFXCM

Description

long position under way, deeply oversold RSI, support regions of channel, awaiting retracements.Wait for price action and candlestick formation to signify reversals eg Doji and such, after breaking structure ( where market entry placed).
very tight stops.
Comments
Hamidmiah_
Position adjusted for 80+ pip close, only due to reversal underway and bear trend so momentum could not continue to .618
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