See the weekly chart of GBPAUD below for the discussion that follows.
GBPAUD is sitting on big support – I’m showing the weekly chart here to make it a little clearer. The daily chart also shows a hammer-like candle, suggesting that we might get a bounce in the short term. I will likely go long this coming week, depending on the price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
