FX:GBPAUD   British Pound / Australian Dollar
14 2 0
No new idea. I just renew my long position that I had left recently for cautiousness. But it seems as if the GBO won't fall further now and will continue the uptest. Of course the situation is not exactly clear but the pound seems to be well supported and perhaps ready to leave the downtrend finally.
Such things usually take time and one can ride such aposition several times until the bis gain will occur.
I made some profit out of it already and now I'm trying it the 3rd time.
Second half of the position stopped out without loss now.
So this is the 3rd time to take profit playing the long side of this pair.
The slow uptrend is still intact and possible the game could be played once again later.
... and now I am taking the first half of the position out and the profit into the pocket. Klingklang!
This is a very slowly rising trend and it looks like if one can ride the waves several times.
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