GBP?AUD Short setup
Updated
Fundas: The RBA has kept its stance unchanged for the past several quarters and the markets haven't had much to use to price the Aussie other than as an EM/commodity driven currency.
Techs: This is more of a technical play than anything, I see a retrace in store here with sellers coming in every time the pair hits 1.8475 to 1.8500 zone (weekly res area). I am looking for sells anywhere between 1.8360 and 1.8400 to start in short with a stop at 1.8525 and ride it down to 1.8050.
Techs: This is more of a technical play than anything, I see a retrace in store here with sellers coming in every time the pair hits 1.8475 to 1.8500 zone (weekly res area). I am looking for sells anywhere between 1.8360 and 1.8400 to start in short with a stop at 1.8525 and ride it down to 1.8050.
Trade active
Started in short.
Trade closed manually
Trade closed b/e given pound relative strength on the day. Still monitoring for shorts after this, what i believe to be a short term push on the pound back to resistance lvls
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