FX:GBPAUD British Pound/Australian Dollar
Sorry i don't really trade this often so cant really comment on the frequency of the false breakouts as you mentioned earlier. However, i try not to depend on just indicators. as a matter of fact i like to keep my charts as clean as i can, so there were various other reasons then just the bearish divergence on this chart. Also like i said i don't depend or use indicators so its hard to interpret what you are saying on the chart that you posted.
Hi... Long term I m bearish on this pair as per my idea that I have posted herebut however in current week, I m looking to have short on EurAud, since its better than GbpAud due to Euro weakness. Thanks for posting your idea & congratulations for being selected as idea of the day. Keep the pips. =)