See daily chart of GBPAUD below for the discussion that follows.
GBPAUD is in an uptrend and is currently testing most recent support (previous resistance). I’m looking to go long here if I see signs of reversal in terms of price action / candles as per my strategy.
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 advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.