2014/05/15 (Thursday) Price Action

FX:GBPAUD   British Pound / Australian Dollar
17 0 0

A trace back to the 8-21 EMA area today probably sparked a league of break-entry exits being filled but it has closed enough from the high to not invalidate the previous day’s signals.

This is an active trade for me at the moment.
Friday could be a quiet day with a bit of upside action as people reconsider their short entries. Leaving further action for Monday open. I don’t see any clear signals to exit early at this time since todays             candle is not engulfing the action of the previous days.
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