The previous concept was that the pair will perform an upside move but my algo was a no go. Therefore, being patient helped me to catch over 250 pips on this pair. Price action for the win in this uncertain market!!
The GBP/AUD has been seen as having a good deal of downward movement these few days. But the yellow marked portion re-tested the GBP/AUD pair and bounced off it. Moreover, in fundamentals, we could see the employment reports being published tomorrow which will boost the long position!