Until the bigger trend breaks to downside, trade the key levels
GBP AUD is one of my fav pair due to its huge ATR, best for scalping. But, however a chance may rise in coming days to take a position for 2/3 days. I am not looking for down move until we have a new low and then a new lower high. Since we have a bigger uptrend, it might be wise to look at places where down trend move might stall or reverse sharply
We have AUD retail sales today, its already negative forecast, so i don't expect much higher moves even if it comes as per forecast. The matter of fact is GBPAUD is now trending down but it could merely be a pullback on the bigger trend. Hence, more evidence or better price needed for short
We have AUD retail sales today, its already negative forecast, so i don't expect much higher moves even if it comes as per forecast. The matter of fact is GBPAUD is now trending down but it could merely be a pullback on the bigger trend. Hence, more evidence or better price needed for short
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