GBPAUD – S3S

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I was actually stopped out in full on this trade by the time I posted this chart.  It took an hour for the pair to rally and stop me out.  Something to bear in mind – the Sterling crosses do bounce around a lot in the more and often put in false moves.  Would it have been wiser to wait for a retracement rather than entering on the anticipation of a breakout?

How about the idea of a 2nd attempt – e.g. on the close of the 15M candle at 8.30am?

I will take another look at this trade at the end of the day today.

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