GBPAUD - Over sold Bear trap

Hi guys, I am long the GBPAUD @ 1.6186. Every indicator that I have is screaming over-sold. I was waiting for another push down before I entered. Most folks hate to fade a strong move like this, but I've learned to trust my indicators.

We may get another slight push, but that 'should' be it. We'll see. Stop and Target are marked on the chart.

his is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.

Comment:

The GBP move on the long term barometer has been pushing with no consolidation. The GBP is in need of a short term correction.

Comment:

I hope my theory about Brexit being 'already priced-in' is correct, lol...

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Moving my stop to Break Even

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Took profits on this trade