We’ve touched on this pair here a couple of times throughout the past year, as it falls under the category of “face ripper” in my books.
This thing can move “several hundred pips” in a given 24 hour period, and has the tendency to “literally” rip your face off if you don’t keep your eyes peeled.
If a person was “so inclined” to enter a trade right around now…oh I don’t know lets say “long GBP/AUD at 1.79 with a full 100 pips stop ( a single penny stop in forex terms) I glady welcome “the showers of thanks” to follow.
One needs to keep in mind …..you “could” get your face ripped off but…..
I think you’ll be ok….this time.