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2014/05/15 (Thursday) Price Action

FX:GBPAUD   British Pound/Australian Dollar
17 0 0
GBPAUD            

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.

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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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