FX:GBPAUD   British Pound / Australian Dollar
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6
AGAIN, not seeing much in the market but a few opportunities I am keeping my eye on

GBPAUD short idea.

Bearish Daily Candle.

4h

Respecting resistance

Comments

Looks like it will work out this one. Curious to know -Why did you keep your stop so far above the big rectangular area you identified at the top of the chart? Could have kept your stop just on top of the zone and got a better risk:reward.
Reply
Alvin335 gremic
@gremic, if i shall guess. Maybe because of econmic events that makes the market crazy sometimes.
+1 Reply
rjabmc gremic
@gremic, haha sorry sometimes when i draw the TP/SL boxes i don't do it as accurate. realistically my stop would have been above the wick at the resistance area :) my SL would have been example 1.84313 area
+1 Reply
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