Open trading account 
GBPAUD is flying high in last few weeks, as the pair is about 2000 pips up from lows of April 21st 2016. Price is currently testing an important supply zone and as such some retracement is expected. However, I am not expecting any major correction and the demand zone at 1.9850 should hold on any retest. On the upside 2.0650 level seem to be likely target.
alifari's Blog
DAY 22 - GBPAUD & EURAUD TRADES UPDATE
"Keep your ego & emotions aside and then analyze charts and you will see it from different perspective. It doesn't matter whether you missed a trade or you win or lose. Observe price action, make your notes and prepare yourself for the next opportunity. Study every day with the aim of being better today than you were yesterday."
Couple of trades triggered this week and both closed in good profit. It's been an eventful couple of weeks for me and current equity is around 281K
Both GBPAUD & EURAUD…
DAY 24 - GBPAUD TRADE UPDATE
Another GBPAUD trade closed with a profit of +167 pips. The trade was taken after fake out of important support level on H1 and subsequent bullish price action around that level. Plus both GBPUSD & AUDUSD was showing sign of weakness.
Take profit target was H1 SR level, but decided to take profit little lower than actual target, as low volatility expected until Monday, so no point in keeping trade open.
Take profit target was H1 SR level, but decided to take profit little lower than actual target, as low volatility expected until Monday, so no point in keeping trade open.
DAY 17 - GBPAUD TRADE
Finally able to nail a trade on GBPAUD. The trade was based on Weekly SR level plus Weekly Demand zone. Although long term trend remain bearish on this pair, but I was expecting some reaction from this level after massive sell-off and it did exactly as expected. Take profit taken at 4 hour supply zone, as didn't want to hold trade until tomorrow as usually on Friday we see lot of whipsaw price action due to Weekly settlement.
DAY 4 - EURAUD & GBPAUD LOSING TRADE
Today, I was on the wrong side of the trade big time and lost almost 80% of my equity in few hours. I was caught completely off guard by the surprise rate cut by ECB. Was not expecting anything like this, instead was anticipating some kind of Asset Backed Securities covered Bond Buying announcement and a small bearish reaction, but this rate cut act completely ruined my analysis.
The trade was based on technical analysis as EURAUD was at a monthly support level and was anticipating some bounce f…
The trade was based on technical analysis as EURAUD was at a monthly support level and was anticipating some bounce f…
GBPAUD Trade Analysis
I would like to share my thought process for this GBPAUD trade I took yesterday based on Daily level and supply and demand structure on lower time frame.
1) Price returning back to daily breakout level. Nice pause at this level before an impulsive up move. Ideal place to get long.
2) Scrolled down to 1 hour time frame to see reaction at this zone and we could clearly see some buying interest at this level on first visit. After some consolidation price made another attempt to breach this demand z…
1) Price returning back to daily breakout level. Nice pause at this level before an impulsive up move. Ideal place to get long.
2) Scrolled down to 1 hour time frame to see reaction at this zone and we could clearly see some buying interest at this level on first visit. After some consolidation price made another attempt to breach this demand z…
UPDATE AUGUST 23RD: GBPAUD PRICE FORECAST FOR 2ND SEPTEMBER 2013
GBPAUD DAILY CHARTAs of August 23rd, 2013 price reacting as predicted. Expecting final push up to 1.76 - 1.77 area by end of month.