13.06.2013 9:15GMT

I have just opened long on GBP/AUD. This pair is in clear up-trend, correction reached Kijun and rejected this line. With all other lines bullish this is proper buy signal. I will close this transaction on loss if H4 candle will close below Kijun.

 

end of correction

On Weekly chart price stopped on suport. If that suport works price can go even above 1.8000!

 

above resistance on weekly

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.