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

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: www.youtube.com/watch?v=noqQm-zS...) 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 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 tradingstory.com/pod...x-and-coaches-track/

Akil Stokes
Chief Currency Analyst at www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
My Videos: www.youtube.com/playlist?list=PL3pk...