Updates: Week Ending April 3, 2026

Volatility was relatively lower this week due to the statutory holidays (Good Friday and Easter Monday). For most people, probably just Good Friday is observed as a public holiday. Since this week ended "early," I guess I'm writing my recap slightly earlier as well.

As always, I take fundamentals with a grain of salt, especially with the current geopolitical tensions and unreliable threats from one very specific person.

However, I do have one trade to highlight. I took a short position on GBPAUD, which I ended up closing at breakeven.

GBPAUD Daily

Let's take a look at the key observations I made on the daily (D1) timeframe:

• This pair is in a technical downtrend as evidenced by EMA20 trending below EMA60
• Price is also cleanly respecting EMA20
• Price recently experienced resistance at the 1.993287 level (blue line)

If we drop down to the 1-hour (H1) timeframe, here's a more detailed chart with my annotations.

GBPAUD 1-Hour (H1)

The arrows mark my initial sell trade entry and then where I got stopped out when trailing my stop loss.

• Price was in a range on H1, which I entered into a sell trade when price broke below the bottom range
• Price started to go into my favor and then started reversing around noon
• Once price made a lower high, I moved my stop loss to a level just above the lower high

Unfortunately, price decided to continue pulling back and I got stopped out. One part of me thinks I was too aggressive with setting my stop loss. Another part of me is trying to reassure myself that this is just one of those trades where the signal is there but price quickly lost momentum.