See daily chart of GBPAUD below for the discussion that follows.
GBPAUD broke resistance this past week. I’m waiting to see if we get a retracement to support (previous resistance). If this happens and I see bullish price action / candles, I will likely go long.
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.