SteveNixon
Long

Long Pound/Aussie on Dovish RBA & positive Brexit?

FX:GBPAUD   British Pound / Australian Dollar
Given the positive noises coming out of Europe/UK about Brexit we could possibly see a further strengthening of the GBP. If that happens where should you look for the best trading opportunity? With the USD also strengthening I would avoid Cable and rather look for a currency that's having difficulties. Is that the Aussie? Well possibly given that the last RBA meeting was very dovish we are not expecting today's interest rate decision to be positive. Even if the Aussie moved sideways we could still get a nice move on the GBPAUD . The next move may be a 5th wave so don't expect to much from it. As you can see on the chart the better opportunity may happen fater a bigger correction of the latest move up. Have a look at the other Pound pairs for other opportunities.

This is not investment advice.

I'll update my idea as it develops so follow for notifications.

Steve Nixon
Trainer & Mentor
Comment: OK we've had the long break out as expected
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out