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....
LVL 1.7100 is good place for any amount of profit taking. It indeed played as expected.
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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