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