The GBP-AUD, trade. I’m still in it. Frankly, I expected to be out of it by now, but the market wouldn’t have it. Well, that is what market does, surprises everybody and me in particular. Even after all these years of trading, price action doesn’t stop amazing it. Here is how it looks like right now.

I continue holding it. Remember, my target is 2.0580. If that happens, I might consider another trade to the upside, with possible entry of 2.0640 or so. Problem id, due to the length of time it takes to get there, logical thing to do would be to use 4H charts as a benchmark. In that event, outlook and holding pattern would change and I’m not sure I want to go through with it. We’ll see…..
In other developments, dollar has finally shown some teeth, let’s see it last longer. So far smokinnnn!

Mike K.