As we are coming towards the end of the week I have one trade set up left in the pipeline that has not been filled. GBPAUD is slowly being to retrace after an extremely bearish week. As the institutions are being to take some profits for the week, we can hopefully see the pair pull back to around the 1.82000/1.82500 before shorting further to remove any further sell orders that may or may not reside within the market.
We saw the break of the low on the 4th of November and the pair is yet to come back and retest the area removing any orders that may or may not reside.
We saw the break of the low on the 4th of November and the pair is yet to come back and retest the area removing any orders that may or may not reside.