Long GBPAUD with 3R

9 במרץ 2015

Nice long setup on GBPAUD 4hr chart, with price bouncing off 200EMA & previous resistance level, which has now become support. RSI also shows divergence, so at least 3 good reasons to enter. The trade has a good reward to risk of 3R. Ideal target it to ride it up to the top of the channel, but there is a good chance it can go further.