GBPAUD Swing/Position Trade Long Term Set-up
Daily Chart
Wide stop loss is needed for this trade. at least 150 to 250 pips.
Might take several weeks for trade to unfold.
Reasons for this trade:
-Price reached upper band of the channel.
-Divergence in RSI
Need to hold trade for maybe a month.
Entry, SL and TP levels as indicated in the chart. Happy trading!