FX:GBPAUD   British Pound/Australian Dollar
36 2 2
Bought this pair last week and reached what was our established target, will it go more? We'll see after consolidation...
Comment: Just keeps going more and more, how high can we go?

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Comment: A potential "cup with handle" or "ascending scallop" pattern is developing. More confirmation for more buying.
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Comment: Likely the final update for this trade. But it's always nice to look back on a trade and see what went right and what perhaps went wrong as well with our analysis. We had a big ride up definitely and then had some reason for losing confidence continuing up. Surely eventually we noticed some reversal patterns and divergence, then saw a reversal in trend easily reaching 2618 targets (about 600 pips) if you did the double top.

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nice chart
keep up mate
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It's been a good ride up but is it over? Maybe, maybe not. But things to think about. 1 - The recent "flag" is quite large but that doesn't mean it won't go further. 2 - MACD divergence can be seen in opposition to the up trend. Just don't get too greedy with BUY targets for the time being.

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