The trend is your friend, until...

The trend is your friend, until it...BREAKS!

What do I mean by this? Well I will produce a video this week explaining what I mean by this and how fixed-income market is something you should be keeping an eye on

Now $GBPAUD - Beautiful bearish movement we've had for a while but now we getting bullish candle! What does this mean?

Sorry to disappoint you or to get you excited - it means absolutely nothing at this current moment of time, we in bearish channel and if we close above out of this channel, then sure bullish movement could come into control for short term and go to next resistance if NOT - guess what, the trend is still your friend, so you take the short side! There is most likely going to be a set up on short term time frame brewing and there was long opportunity this week, a great set-up should be brewing for us to trade next week.

In my personal opinion, I rather be late to the party than early.. All explained in the week ahead video!

Have a great week ahead

TJ
Disclaimer: Not Investment Advice

Comment:

At clear resistance area, break above sure bulls gain in control for pull back. However, if we slip below we either stay within this range or we go back to bearish movement. Trade what you see, not what you think.

We have lot of data this week! Be careful

Trade active:

Bullish