Same story with GBPAUD as a continuation short. Unfortunately at approx 140 pts risk those of
us on half a percent cannot take this trade.
1. Lower lows and lower highs
2. Below 50 & 200 EMA
3. Strong Horizontal Resistance at 1.4635
4. RSI Convergence
5. Bearish Price Action (High Test Bar)
6. No level of support in the way
7. Fib Retracement Level 50%
I've taken USDJPY (long) and GBPAUD (short) on my retail account.
It doesn't matter what the risk is, nobody can take this trade on Prop Account as GBP crosses (apart from GBP/USD & EUR/GBP) are not permitted in contract list.
ReplyDeleteApologies...an oversight on my part! For retail accounts only..
ReplyDelete