GBPAUD - Upper Channel Short Trade

The pair has been chopping around in a channel for a few weeks. The current short opportunity is the best that we'll have for this pair - very high reward to risk ratio. We will not know for sure there it will go but having a high R/R will ensure profitability in the long run.

** Remember, we do not predict future price. We simply react to current price movements based on our interpretations of past data.