GBP/AUD: Intraday short strategy

  • Risky strategy given the strong up-trend but for all the aforementioned reasons, I think the biggest danger in the market is that over-extended positions start to reduce;
  • Market is very long of GBP and quite short of AUD;
  • I’m looking to play a short term range between 1.8550/1.8700 with a bearish bias.

Let’s see how it develops from there.

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