GBPAUD – Trading the Support +268 Pips


GBP/AUD was near a support after the low at 18th June (red line below prices). Everything fit into place in this trade for the Support/Resistance trading setup.

1. Background was neutral

2. Demand signals near the support, which is the smart money buying into a previous area of demand

3. Went long in a test-like bar (part of long type bars), shown by the volumes indicator

4. Exit in a weak signal. Holding through the weekend and exiting on the trailing stop was also OK



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