Wednesday, June 05, 2013

GBP / AUD UPDATE: 05.06.13 07:28HRS

GBP / AUD:

As you know my orders did not get hit yesterday on this trade.

I had an order to buy GBP / AUD at 1.5780. Price only came to 1.5792.

Price has now hit the first target at 1.5970 and is looking good for the the second target.

You can see from the chart below, at no point has this pair become oversold or even close to it.

Just a shame it wouldn't give me the entry with a good risk reward.

Chart below:

 
I will update again when the next strategy trade has been identified.
 
 

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