Open trading account 
Was expecting some more movement today for this pair. Though it was not too volatile. It played out scenario A. Took out the low marked with green ellipse. We are also dealing with a very round number 1.7000. It is acting kind of a support now. It might not be hit anymore. Most likely 1.7050 was the intraday level that got more attention from the traders. I am waiting for a break out tomorrow to the upside. My target is the white line on the chart @ 1.7190. If price action is strong enough, targ…
Armands's Blog
GBP/AUD forecast
After breaking below the neckline of the H&S pattern price continued to fall. It bounced back to 1.80, tested the level and went back down again. Pair is also making new lows. On the chart we don't see any support, so my guess is that it has to drop further. I am currently focusing on the levels that are marked with blue and with red line. Looking at the last 3-4 daily candles I see weakness of this pair, it is also unable to make any upward move. On smaller time frame we can see that it has for…