OANDA:GBPAUD   Paun British / Dolar Australia
This trade is based on healthy Price action. GA just finished a 88% retrcement of the August candle. Its time for uptrend to continue. We have a change of Character on the 15 minute chart showing us that price has shifted from bearish to bullish on the lower TF. This will be the first leg up for the overall trend move. If you decide to take this trade set-up Please practice good risk management. While this trade set-up is a 1/10 RR you can extend the SL a bit lower (another 20 pips or so) to protect yourself from a liquidity sweep of the 4Hr Swing Low. I am NOT a Stop Loss trader I am a hedger so I dont run the risk of being stopped out.

Penafian

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