Given the strong bullish sentiment on GBP recently despite a slight uncertainty regarding BoE's rate hike on May, and bearish sentiment on AUD mainly due to the trade war happening between US and China, setting up a buy stop order near 1.85 with TP @1.90 and tight SL near last Friday's low @1.82.
www.poundsterlingliv...n-gbp-vs-eur-and-usd
www.fxstreet.com/new...ing-bbh-201803260818
Daily:
Weekly:
Confidence: B (with holy week coming soon and being the end of the month this week, there might be some consolidation, hence risk of getting stopped out instead if pair decides not to move past 1.85 and reverses -- as illustrated in the weekly price action arrows above)
www.poundsterlingliv...n-gbp-vs-eur-and-usd
www.fxstreet.com/new...ing-bbh-201803260818
Daily:
Weekly:
Confidence: B (with holy week coming soon and being the end of the month this week, there might be some consolidation, hence risk of getting stopped out instead if pair decides not to move past 1.85 and reverses -- as illustrated in the weekly price action arrows above)
Order cancelled:
Trade didn't hit the Buy Stop; will continue to monitor and possibly re-enter soon.
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www.businessinsider....-fx-forecasts-2018-3