Risk off is in play, but yet we are seeing GBP/AUD struggling to pierce through 1.94500, if price continues to stall here then a meaningful pullback might happen in search of greater buy pressure . However it's prudent to wait for London session and see how pound plays out after the wage data is released. A 4 hr candle close above 1.94800 would invalidate the idea
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We don't have closing below 10 ema yet, so i would watch out for daily closing today, to understand momentum , for now its just scalping on this pair
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Australian employment data would give us the next move
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Got stopped out with trailing stop, can take another short probably at top of the corrective channel