FX:GBPAUD British Pound / Australian Dollar
This pair has broken ascending , forming new lows at the same time, signalling the end of the bull trend. The bears are are beginning to take control.As a new low has formed , its highly likely that we are going to see at pullback before we carry on down. I look to enter at the retest of or an exhaustion of this pullback giving me a target of the Monthly support at 1.8000 . This is a long term trade providing us with an opportunity of over 500 pips.
Trade closed: target reached