Since it's weekend I just want to take the time and cover in details my latest trades and give you more explanation behind those trades.Today I'm going to start with my short GBP/AUD trade and tomorrow I'll explain my long EUR/AUD which was a loss.

Currency Pair: GBP/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.807985
Close Price: 1.79997
PnL: +80pips
Open date: 13.08.2014 09:30:47
Close Date: 13.08.2014 09:48:37
Reasons Behind the trade: This trade was based just on fundamentals and the main reason behind this trade was the BOE Inflation report which I was expecting to be more dovish. It was expect to have this sell of after BOE decided to focus on the earnings growth which has been very disappointing lately. The wage growth came in negative for the first time on record so this was reason enough for the current downside momentum to continue further.
Figure 1. GBP/AUD 1h chart.

The only reasons I have set my target at previous swing low was because of current market environment of less volatility and thus less follow through so I didn't want to see all my profits gone away and watch the market reverse.

Best Regards,
Daytrader21
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