GBPAUD LYING IN WAIT.
GBPAUD, Weekly. This is an example of a trade i am lying in wait for, I have been following this uptrend for months and there could be a potential high value area for this trade from a technical perspective. On the daily timeframe there are plenty/have been plenty of opportunities to short this pair, however i am waiting to go with the trend.
PROS:
- 50EMA
- HISTORIC SUPPORT
- 61.8 RETRACEMENT
- TREND LINE
- HL YET TO BE PRODUCED BUT BULL TREND FIRMLY IN TACT
CONS:
- NON TECHNICALLY APPARENT AS OF YET.
FED INTEREST RATE DECISION PENDING
RBA INTEREST RATE PENDING
BOE NARRATIVE PENDING
PROS:
- 50EMA
- HISTORIC SUPPORT
- 61.8 RETRACEMENT
- TREND LINE
- HL YET TO BE PRODUCED BUT BULL TREND FIRMLY IN TACT
CONS:
- NON TECHNICALLY APPARENT AS OF YET.
FED INTEREST RATE DECISION PENDING
RBA INTEREST RATE PENDING
BOE NARRATIVE PENDING
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.