Interesting day on GBPAUD. We had a nice long signalled in the blue area marked. Sentiment changes right after we bounce off of the secondary swarm. It’s a classic SW2 trade.
If you followed the trade and the stops set you were still in at the orange circle – and for a full three hours more before you get stopped. But here’s the main thing. The orange circle is where so many people went short. NOT our traders – from the SW2 trade type, you do not short until you see a close below the swarm. Are you long now? Nope. But are you short? Again, no. What you should be doing … is relaxing. Take your money and leave. Never force it.