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Dec 22, 2014

07:43 AM EDT


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Home » Technical Analysis » Weekly » GBPAUD » Range Trading on GBP/AUD With a 3:1 Reward/Risk

Range Trading on GBP/AUD With a 3:1 Reward/Risk

I love to see simple rangebound trading — i.e. entering at support, exiting at resistance — when it can be done for a reward/risk of 3:1 or greater. I saw such an opportunity on GBP/AUD yesterday, and entered the trade accordingly. The chart below illustrates.

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