FX:GBPAUD   British Pound/Australian Dollar
77 2 0
bearish momentum after break of 3 month upward trendline . short below 1.63 support break, targetting 1.57, SL above pin bar high of 1.63
Unlucky entry on this trade, unfortunate that Ben Bernanke shook up the markets quite a bit this morning... I think it could still go lower, maybe look to get short again at a higher level. Personally I like to give stops a bit more room with GBPAUD & EURAUD, they can have random swings.
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wakaoeh PaulWallace
yeah paul, chose this pair because i want to avoid dollar pairs due to FOMC minutes. however, realized that i could have been more patient by waiting to short into retracement, stochastics based on 4 hourly is too oversold.
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