I love trading GBPAUD, trading AU is a waste of good equity.
I have just sold this pair on H4 as it falls below the Daily 10EMA.
Here is my setup - I only worry about the Day Chart for Direction and H4 for timing.
If all goes to plan, I will build with multiple Sell trades.
If all goes wrong, I have plans A, B and C.
It is not the Red Zone that made me push the Sell button, it was the strong rejection of price and a recent Doji which should warn me to Sell within that Red Zone.
