GBPAUD setting up a great setup but I've seen this before where GBPAUD trends heavily during Asian session. There seems little reason to think it will reverse from here. I'd like to see it pop to 1.8700+ before playing a short.
Patience and discipline pays off - a blank week last week so well doneGBPAUD has tested the 1.8170/80 area on no fewer than 9 occasions on the hourly chart. With the weak UK data and the trend still nicely down, I was looking for a short and finally got my entry. Price closed off of the cloud and held on for +35.