hope.bleecker

Pound Australian Pullback Retracement Long Position

Long
FX:GBPAUD   British Pound / Australian Dollar
11
I've entered a long position on pound australian from 2.12366 with potential retracement back up to the top of the daily channel. I will come off of that trade at 2.14500, 50 pips shy of the channel top and the bottom of the resistance range. I likely will attempt to run the trade through Friday square up and then will remove it as the IMF meetings which are ongoing throughout the weekend may create increased volatility. Good luck everyone and Happy October to you all!!

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