Considering the pattern and fibs on Gbp/Aud, I have a hard time believing much downside. That is the 200 and 800 MA's on 4hr, and that's how I am looking at it. I would like to see a smaller correction to help confirm direction, but I'm sure there are less risky trades out there today, let me take a gander at the market... If GBP/AUD makes a small correction on 1hr (flag) I think that is a safe buy because even if it pulls down some, it looks like it will blast upward at some point. EA could even be a lot of pips to the upside, but it is in a correction that can continue... (Break low, break high, go back and forth). But my markup from yesterday still stands, it would be a nice sell if it sold, but we may get some upside first.
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