GBPAUD

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With 53% of retail trades short GBP/USD and 54% short AUD/USD - it's the first signal long. When looking at the last COT report, we have a Long bias GBP and short AUD.

Whilst looking at the indicator - we are stuck between the 50EMA and 200EMA on the 4hr chart. All combined, it's looking like a short term, long position.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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ملاحظة

as of the 6th May - this setup might no longer be valid. Still watching but it's still sideways.