I wrote a big article this week on the prospects for the GBP approaching the general election. The key takeaway was that the pound will follow the conservative perfomance in the polls and then reverse any movements made. I have put a link above to the article. I missed the big moves i identified and this was the only pair that still had potential.
Trade 1 Long EURAUD (-15 pips)
It has not been the best of weeks, trades have been ahrd to come by and results dissapointing. One thing I have noticed is that several times this week I hav enot made the most of situations. I closed EURGBP long, EURUSD long way to soon and missed out on significant moves. Euro strength is a theme at present and todays trade takes advantage of that. EURAUD has broken out of a congestion pattern this morning that has lasted all week and cae after significant rises previously, this is a common reaction toa big rise, alost like catching breath. Techncicals are quite good and I will be hoping to trade the third wave in this small bounce higher.
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