girolamoaloe
Long

GBPAUD - I am buying low in the demand.

FX:GBPAUD   British Pound / Australian Dollar
GBPAUD             moved down taking out a weak demand level on the daily chart . Now it is approaching to the distal line of the fresh demand. I am buying there.

I earned a lot of money trading this currency, I would continue in this direction taking advantage from the bearish scenario.

What I really take in consideration in this scenario is that the unbalancing from this level was fast and strong enough, then I can expect that this fresh demand level could affect the currency price with enough demand willing to make it cover at least 1 half of the last bearish candle in the weekly chart.

What do you think about this currency?

Thank you

Girolamo Aloe
I bought on the magenta lines. But I have to say that I have cut a couple of buy trades opened with higher prices. My overall reward is a good profit.

snapshot
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It looks like a major downtrend now after such a prolonged uptrend. Thanks for pointing it out.
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