GBPAUD: Hopping On The Bullish Trend Could be the Perfect Storm

FX:GBPAUD   British Pound / Australian Dollar
The radar is light once again with only a few pairs (including yesterday’s NZDUSD             idea) still in my sights, but this opportunity on GBPAUD             looks like a pretty good potential. GBPAUD             has driven straight up since…well early 2013 & although the momentum seems to be slowing down, there’s absolutely nothing on the charts as of yet that says we’re going to stop anytime soon.

When trying to hop on a bullish trend I look for reasons to buy on the pullbacks & in this scenario I’ve got a deep Gartley pattern coming in right at our previous structure lows.

Add to that, on the fundamental side of things GBP has been one of the strongest pairs with BOE expected rate hikes anytime from December ’15-March ’16 while Aussie may be cutting rates. Last week I was able to catch the perfect storm on USDCAD             (Video: https://www.youtube.com/watch?v=noqQm-zSCP8) we’ll see if we can do the same this week.

News wise we have AUD CPI             out tonight at 9:30pm NY Time & A Bank rate Vote for the GBP out Wednesday morning at 4:30am NY Time.

A BIG THANK YOU for the massive response you guys gave me after listening to my interview with Brandon Clay from http://www.TradingStory.com I had a lot of fun doing it and I’m glad it was informative. I’ll put the link below for anyone that didn’t get a chance to check it out. Also don’t forget about that Syndicate special deal we have going on. Take advantage of it before it’s too late.

Interview w/ Trading Story http://tradingstory.com/podcast/35-akil-stokes-trades-fx-and-coaches-track/

Akil Stokes
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
My Videos: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
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Were you able to stay in this trade?
No, I was stopped out
mind blowing call Akil bingo tgt achieve
Beatiful trade Akil, worked out just as you prdiected. Hopefully by now you are out of your drawdown you were in a few weeks ago. Awesome to see how a professional trader deals with drawdowns, makes a video about it and is able to ride out the storm back to success. Great work Mister.
+1 Reply
adan3ter adan3ter
Ooops...this was supposed to go in your other post, in the Aussie trade
+1 Reply
Thanks, last week helped a lot, but overall this summer has been very bland. Seems like we've been fighting our hindparts off just to stay above breakeven
+1 Reply
Also a nice Cypher "a few" pips lower
+1 Reply
petermp25 petermp25
Well, i've seen more beautiful cyphers but oh well... ^_^
+1 Reply
hey it's not a beauty competition
+2 Reply
Hello...From where i can get this indicators on your chart ?
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