An equal weighted average of GBP vs three major commodity currencies (AUD, NZD, and CAD) shows potential for the start of a bullish move starting here in the middle of the range formed since Brexit.
My chart shows some consolidation in the immediate area potentially closing this week with a small bullish Doji.
I currently have a GBPAUD short open with SL at BE, I may indirectly hedge that position hedge that position with a GBPCAD long entry if it ends today forming a weekly Doji.
My chart shows some consolidation in the immediate area potentially closing this week with a small bullish Doji.
I currently have a GBPAUD short open with SL at BE, I may indirectly hedge that position hedge that position with a GBPCAD long entry if it ends today forming a weekly Doji.
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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.