The chart below reflects a trade I recently took on GBP/AUD. First, I should note that shorting the GBP/AUD is a trade I favor based on fundamentals, which I elaborate upon in the video below.
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Basically, the pro gap over the weekend, occurring at resistance, signaled a good short opportunity. I took the trade targeting a 3:1 reward/risk ratio, which allowed me a partial exit yesterday at the level denoted on the chart.
This is a pair I'll continue to keep an eye on, and will look to short when favorable setups on the four-hour timeframe are offered.