Disliked{quote} Good trading Omonisha. GBPAUD looks as though its in an accumulation phase. The problem with accumulation is that we don't really know whether its buy or sell contracts being accumulated. So its appropriate to move onto lower timescale (M30 I believe) and see fresh demand come in and push into supply above for a short term trade, with the profit target being the supply.Ignored
Sad i'm not trying to understand PA