Open trading account 
My play is for a long position!!!
Order : BUY 1.000M GBP/AUD @ 1.80457, SL 1.79190 (127 pips),TP 1.83729 (327 pips)
Analysis details:
- Weekly chart, Daily chart and Four hour chart are indicating strong uptrend.
- GBP/AUD trades in close proximity to it's 200 DMA line of 1.5269.
- Market Profile's Naked POC showed up 3 days ago and never been breached by previous Point of Control.
- GBP/AUD trades at it's highest level since July 2010.
- Market talk of hedge fund buying in GBP/AUD in recent trade, unconfirmed.
- Market talk of good demand for 1.8000 option strikes in GBP/AUD, unconfirmed.
This is my second buy limit order as my first trade already earned 103 pips.
Order : BUY 1.000M GBP/AUD @ 1.80457, SL 1.79190 (127 pips),TP 1.83729 (327 pips)
Analysis details:
- Weekly chart, Daily chart and Four hour chart are indicating strong uptrend.
- GBP/AUD trades in close proximity to it's 200 DMA line of 1.5269.
- Market Profile's Naked POC showed up 3 days ago and never been breached by previous Point of Control.
- GBP/AUD trades at it's highest level since July 2010.
- Market talk of hedge fund buying in GBP/AUD in recent trade, unconfirmed.
- Market talk of good demand for 1.8000 option strikes in GBP/AUD, unconfirmed.
This is my second buy limit order as my first trade already earned 103 pips.
