Hello traders, I would like to share a thought with you about a pair, GBPAUD, which I took trades on in this january contest session. The first trade was a short when price action hit the daily down trend line and I made around 100% on it based on my account balance, so we can say it was a very good trade. The last trade I wanted to take is the following (I am not posting much explanations to it because I presume everybody in this contest has the knowledge to decipher the meaning of the setup). It is a setup I would take even on my real account as well :
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