When trying to hop on a I look for reasons to buy on the pullbacks & in this scenario I’ve got a deep 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/
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
My Videos: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
4th Most Helpful Trader on Twitter
19th Best Trading Channel on Youtube
Learn to Trade the Markets & Join Our Trading Community