FX:GBPAUD   British Pound/Australian Dollar
237 1 4
The weekly chart of this pair stands at value, that for me means look for longs on the daily chart . My plan is to build a position using the daily and the H4 chart. My targets are very far away, over 2.0000. For now I have a very small position with a stop below the rectangle drawn on the chart.
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After a steep downtrend and a sideways market, an uptrend emerged. The uptrend is not over yet, MACD lines are drawing a hidden divergence, price stands at value and the histogram is rising after the correction. There is strong resistance at 1.90000 but except this, theres nothing to hold this pair to 2.0000
Exited on 03.09.2014
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This is the biggest loss in a while.
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