It’s bright and early and it’s been a while since I’ve written up a article for the telegram. I’ve been working hard on my skill set behind the scenes to improve the content I’m sending out.
Back to the task at hand GBPAUD . I’ve been looking at the chart we can see that the pound has been on a strong uptrend due to Brexit uncertainty clearing up. Looking at the cycle we can see that price slowed down at the 1.9000 level and since consolidated. With that yesterday’s daily closure suggest that sellers are ready to come into this market. I believe we can push down towards 1.87500 and lower as things develop.
This is a 300pip trade so manage risk well and be patient