This is a midterm trading setup:
Main talking points:
1- GBPAUD is trading around 1.690 at the time of this report.
2- Manufacturing PMI under the spot line at 08:30 GMT
3- the level ish in 1 may be a signal of trend exhaustion
4- we may see the pair starting a reversal move toward a resistance level as it appears on the chart
5- this is a midterm trading setup, it is highly recommended to get into trade after 2 has faded so that you gauge the market properly.
Any comment is more than welcome
Main talking points:
1- GBPAUD is trading around 1.690 at the time of this report.
2- Manufacturing PMI under the spot line at 08:30 GMT
3- the level ish in 1 may be a signal of trend exhaustion
4- we may see the pair starting a reversal move toward a resistance level as it appears on the chart
5- this is a midterm trading setup, it is highly recommended to get into trade after 2 has faded so that you gauge the market properly.
Any comment is more than welcome