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actavis89
Jul 18, 2018 5:56 PM

GBPAUD - Bullish Butterfly - RISKY! Long

GBP/AUDOANDA

Description

A nice Bullish butterfly has formed on an important weekly support level.

OBV divergent, RSI in potential bounce zone.

I like this trade from a strictly TA standpoint, however the mostly bearish sentiment regarding Teresa May and her Brexit struggles has me waiting on the sidelines until reversal from PRZ or fundamental news that confirms a more bearish Aussie or a bullish Pound

Watching AUD unemployment data tonight and GBP retail sales tomorrow morning.
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