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.