GBPAUD to 1.7000
Let's do this,
I had GA dropping last week and I did catch a nice trade to the -27 extension area nice 4% gain (1%risk) and now am still bearish with GA as I'm expecting it to drop to -61.8 extension area which is 1.7000 I'm not going to trade it up to the 1.7 probably 20 pips above @1.6980 waiting to get a nice reversal from the smaller time frames it's now retracing.
NOTE : Ofcourse nothing is guaranteed in the market could switch bias if structure changes but as far as I'm seeing am bearish on GA.
I had GA dropping last week and I did catch a nice trade to the -27 extension area nice 4% gain (1%risk) and now am still bearish with GA as I'm expecting it to drop to -61.8 extension area which is 1.7000 I'm not going to trade it up to the 1.7 probably 20 pips above @1.6980 waiting to get a nice reversal from the smaller time frames it's now retracing.
NOTE : Ofcourse nothing is guaranteed in the market could switch bias if structure changes but as far as I'm seeing am bearish on GA.
Penafian
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