Trade Update – One Trade Positive

The triggered AUDNZD position is moving positive and just right for the stop to be moved slightly down to reduce risk exposure.  We will try to move it lower in the next few days if market gives us a position to secure minimal profit.  The GBPUSD position was not triggered.  Momentum indicators are still showing a peak in the higher timeframe and bullish in the lower time frame.  We readjusted out positions to have another entry point slightly closer to the market.

We are looking for the high probability reversal in the GBP market and hope to ride it until the next rally.  Happy Trading!