Looking at WEEKLY chart.... the GBPAUD is at a level of huge support.... looking far left this was once huge resistance... this now looks like a very good double bottom and I see a big push up coming... I have opened a small trade and will add larger if pulls back lower... If you switch to hourly... price pushed off 1.6000 area aggressively...
SL: 1.5800
TP1: 1.7280
TP2: 1.8100
SL: 1.5800
TP1: 1.7280
TP2: 1.8100
Trade active:
GBP fighting hard.. good data helping push GBPAUD up... catch those pips..
Comment:
Trade has done 150 pips since I entered... some resistance here... maybe a small retrace I will re enter add more
Comment:
This trade has done 150+ pips since I opened it.. at some resistance but I see more upside and will add on a small pullback
Comment:
I took a short break from trading and had a trailing stop on this pair a long time ago.. it seems the GBP had a retrace from the original run, but Im loading back up for a continuation on the bull run to keep going.. with the strong AUD news.. the GBP might drop a bit more to check the next fib line or head up from here.. BOE major news in the morning it will help set a path on this pair..
