FxSaint
Long

GbpAud - Anticipations

FX:GBPAUD   British Pound / Australian Dollar
140 2 1
GbpAud             - Had a plan to getting involved myself with this pair on speculative position, as was forming an idea that it will climb to test the LVL             1.72000, so was planning to speculate @ 1.6900 with 20-30 pips risk, but missed that entry as it happened while I was sleeping. Not really looking to trade it at this LVL             though, as I like to risk very minimum but getting involved now will open my exposure. But if it happens that the price breaks through wedge pattern with momentum I may start considering a small long again. The price @ 1.72000 LVL             will interesting to see though....I am looking into that as a bearish LVL             .
I am not trading this, but thought I will put it here, so that people can see what I am anticipating with this pair.
GbpNzd             .....have the similar setup....
Ok fellas, at this LVL 1.70555 I would like to close all position if I would have been in this trade, as price proximity has lapsed & our upper level is unlikely to get tested. I am observing some inter-mediate resistance being established @ 1.71320 handle (there is still some supply left). Moreover, I am watching AudUsd setup which I will publish now, which is @ deman zone. So, my expectation that Aud might gain momentum here. Hence, lefts call it a winner & move on to next setup.
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LVL 1.7100 is good place for any amount of profit taking. It indeed played as expected.
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