This is a type of trade that we would issue for Premium Members. We like the long side of GBP/AUD here. The idea is to be long from the current level of 1.6144 and catch a potential bullish move higher to target the 1.6301 for the exit.
Update - 3.21.2017 - Price action took the longer route, but our target level of 1.6301 has been achieved.
A nice opportunity to get long GBPAUD here. There is some potential for a bit more downside price action, but being long here makes sense. On this long opportunity the target is 1.6608 to the upside. Almost 200 pips here...
Update on 1.25.2017: Our long trade idea hit our target level at 1.6608 as expected.