FX:GBPAUD   British Pound / Australian Dollar
Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level.
So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement.

This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p

Always trade with caution and correct risk management.


Great minds think alike ;p
Yeah.. I've been watching this too. Two things are happening which only appear more on small time frames 10 to 15 min.
1. GBP is gaining strength across most pairs.
2. AUD is losing strength across most pairs.

So if this continues the ratio of GBP to AUD (GBPAUD) is likely to rise. The big time frames show where the pressure is and it's favoured direction