GBPAUD buying on trend continuation and commodities prices
Long points: 1.Trend continuation !!! 2. Structure + Fib levels !!! 3. Good reward/Risk ratio !! 4. Little RSI divergence ! 5, Australia Dollar price is highly related to commodity prices which are mainly going down !!!
Negative side: 1. Estimated (not back-tested) probability 49%+/-7% 2. What positive or negative aspects of this trade do you see?