FX:GBPAUD   British Pound/Australian Dollar
120 4 1
This has been a great trade for me for the last few weeks, the trend has been solid currently up 150 pips, but have made a total of 650 following this particular channel
Stop loss moved to 1.6000, that is a major resistance line and is 120 pips profit on the day. Pair currently up 160 pips in one day, pullback expected. If it holds above 1.60 I will consider another increase in the size
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Decided to take half profit, 1hour chart showed sign of reversal, half profit was at 198 pips for the day
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350 pips yesterday on this trade, major multi month support line broken, if it holds above 1.61 and the data later today is good this pair is likely to continue.
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Trade closed, hit a tight stop I Put in place because of the upcoming event risk.
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