Britannia rule this wave!

FX:GBPAUD   British Pound / Australian Dollar
145 2 1
Well, this was more than a correction of the August rise. But the run since mid July has not been corrected. This allows a test back to the upside at least. If we manage to go back into the upward channel an remain inside it could also become a resumtion of the upward trend again.
Agreed... Just closed mine too
I closed this with profit now. We are in a situation where the market has to decide - up or down.
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