This video explains a single trade of GBP split into two positions, one on the GBP/USD and another on the GBP/AUD.
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This video explains a single trade of GBP split into two positions, one on the GBP/USD and another on the GBP/AUD.
GBP/AUD has been closed at its TP.
GBP/AUD is approaching TP (+100.6 pips).
Even though the market had returned back to upside, it started falling down after making a double top around 1.3000. GBP/USD position was closed slightly above BE as it fell back below the lower trendline.
An update on this analysis has been posted. Please go to https://www.keonconsultancy.com/post/update-on-gbp-usd-sep-17-2020-forex-fund-manger-keon-consultancy to watch the update.