Traders,
Please keep your eyes on GBPAUD in the days/weeks ahead. I had spoken to some of you privately about these but putting them out there for all to see. GBPAUD just this week bounced off of a critical bearish trend line, the main illustration. It looks like the market has signaled that if fundamentals line up we will rise. Whether it stems from Strong GBP, Weak AUD or both, it doesn't matter; If the trend line breaks look for the market to rise substantially to the 1.88000 Area.
Again this is a LONG-TERM trade, IF and When that line is confirmed to be broken a bullish breakout is likely.
Trade Safe.
Please keep your eyes on GBPAUD in the days/weeks ahead. I had spoken to some of you privately about these but putting them out there for all to see. GBPAUD just this week bounced off of a critical bearish trend line, the main illustration. It looks like the market has signaled that if fundamentals line up we will rise. Whether it stems from Strong GBP, Weak AUD or both, it doesn't matter; If the trend line breaks look for the market to rise substantially to the 1.88000 Area.
Again this is a LONG-TERM trade, IF and When that line is confirmed to be broken a bullish breakout is likely.
Trade Safe.