DislikedGBPAUD set to move down?
curr price about 1.5032 and a break of the arc would bring us into sub levels of the 1.5000s around 1.4930. About 100 pips
A trade worth taking with something like a 2:1 or even 3:1 R/R Ratio.
I personally think its not quite favorable to short the aud... the aud is one solid currency for the makings of a trend coupled with a weak one. Take a look at this month's economic data and pair it up with other major world economies for comparison.
Retail seems to always get it wrong so ... theres another...Ignored
What is your spread on that pair?
"Men who can both be right and sit tight are uncommon."