Adz786

GBPAUD POTENTIAL SELL!

Short
FX:GBPAUD   British Pound / Australian Dollar
As gbpaud has been on a bullish momentum, it has touched my weekly key level of 1.87500. I would wait it out and see the next couple candlesticks to determine if it would go to a downwards movement of 250 pips to the key monthly level. I see a high potential in this as this key level has been touched previously and has just broken past it abit and then plummeted downwards. However, as there is high volatility in this currency I would be very careful in lot sizes, make decisions with correct risk management and remember partial close your trades also and let the rest run! this could be a huge movement!! TRADE AT YOUR OWN RISK

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