Last week I wrote about the GBPAUD, it is trading in a very clear bearish market condition, the next LT support level is more than 400 pips away from where it is currently trading, etc. I’ve been monitoring it, and this morning I got my signal to go short:

Here are the details of my trade:

Entry: 1.5616
SL: 1.5662
TP: 1.5207

I’m risking 46 pips for the possibility to get 409, nice deal ha?

Trade Safe!

Raul Lopez
Forex Training