With current crazy media coverage and emotion-based fundamental news regarding USD and CNY going crazy, it is obvious where short-term/day traders will head on to speculate in search for quick riches. And by just doing the opposite, searching for trending instead of liquid currencies, you’ll be in-the-money pretty effortlessly for some pretty while. As an update to my previous technical analysis on August of the hot currencies (AUD, CNY & XAU), I present this mid-long term possible trade to carry for the next couple of months.

GBPAUD, WEEKLY CHART

  You might be wondering why I trade exotics despite the lower liquidity and high spread. The truth be told, being an educated trend trader, it really does not matter if you enter a trade at the start of a trend or in the middle because as long as you are right, you win. And which in this case, it’ll be almost always since you’re going along well with your pig-headed friend (a.k.......