Wait for the candle to give us confirmation like before !! Long

British Pound/Australian DollarFXCM

Description

⋅ Jun 1, 2020 10:55 AM

So Iron ore prices rising ,

AUD directly correlated to commodites so Aussie strength right now , the GBP has taken a beating but .......

Here is a perfect opportunity , we need a nice hammer on the daily , RSI oversold territory and the GBP is undervalued

all this equals me with the biggest smile right now lol.....

Plus other pairs are reaching their limits on T/L resistance i.e AUD/CAD - USD/AUD,

Buy this pair soon ...

Comment

⋅ Jun 1, 2020 10:57 AM

Comment

⋅ Jun 1, 2020 10:57 AM

Comments

Cabot101Management

⋅ Jun 2, 2020 12:29 PM

Remember peeps , candle for entry and not before looking for a nice doji ideally something that shows the buyers are jumping in :)

numivasi

⋅ Jun 2, 2020 2:23 AM

Care to explain what does iron ore and commodities have to do with AUD?

Cabot101Management

⋅ Jun 2, 2020 5:26 AM

@numivasi, Of course , Australia is one of the biggest Iron ore exporters in the world along with copper and other commodites , if these prices rise this contributes to the countries GDP which in turn reflects in the currency improving... and if they are declining and demand is fading naturally this will cause the AUD to retract.

hope this helps .....

manyvtc

⋅ Jun 1, 2020 11:27 AM

I think it gonna hit 1.8300 first than it can be up

Cabot101Management

⋅ Jun 1, 2020 11:33 AM

@manyvtc, for sure it hits the T/L we just need a good candle for a confirmation buy :)