Sell GBPAUD for 120 pips

GBPAUD is in a downtrend.

The price is at the H4 MA.

M15, M30, H1 is overbought.

Divergence is visible in M15 and M30.

Stop loss is 100 pips but will keep the loss below 1%.

Trade closed: stop reached:

Poor entry of the trade really cost us. A proper entry would have given a better stop loss but in the end it flew against despite going with the trend.

09/05/22 DEAL GBP/AUD Mini converted at 0.980075843019 SD SD-98.50
Funds: SD10,182.35