Trend Channel Trade

Oct 24, 2018

GBPAUD is in the uptrend from the end of August and we see an opportunity to join this trend. The market is giving us a signal for another continuation of the uptrend. After 500 pips correction, it reached the level, where we already placed our long positions and we expect a move at least to 1.8405. Stoploss is at 1.805. Generally, almost all currency pairs including British pound looks bullish and that serves as another confirmation of this long position.