GBP/AUD (An update) 26/10/2018

GBP/AUD (An update) 26/10/2018

On October 26, 2018, Posted by , In Uncategorized, By , , With No Comments

GBP/AUD (An update), due to fundamentals (Brexit talks) the price has gone against us. Nevertheless, technical wise the setup was a solid long trade. So as part of our money management, trying to weather the storm, we decided to wait for a retracement, which is currently forming. This would provide a good opportunity to close the position being totally risk averse. For those of you who are like me and still think its gonna go up, it might be best to partially close the position. The price dropped -264 pips against us, now retracing and we are 103 pips in the red now. Its still a loss but its one that we would bounce back easily from>>>>>>King Yonela>>>>11:06>>>26/10/2018

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