Today's FOREX Trade of the Day is a long GBP/AUD position.
Today's intraday Low of 1.8232 was just below the 38.2% retracement of the 16 September Low through the 19 September High, rendering the retracement level a profitable Entry point.
Today's intraday High of 1.8359 was just above the 50.0% retracement of the 19 September High through the 19 September Close, rendering the retracement level a profitable Exit point.
Intraday Profit: +116 pips
Further upside targets include 1.8384, 1.8419, and 1.8719.
Our YouTube video illustrates today's FOREX Trade of the Day and identifies further upside targets.
www.trademarketoptions.com
http://goo.gl/RjilNy
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