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AshFX
Aug 7, 2017 8:18 PM

GBPAUD Short Setup x 2 Short

British Pound/Australian DollarFXCM

Description

2 sell opportunities on GBPAUD -

1st sees a MA cross on 4hr, lets see how the daily candle closes. 1.6350 weekly support target.
2nd sees break of weekly trend line, only taking there short again on a solid candle confirmation. Rejection of the monthly trend line could indicate some long opportunities.

Fundamentals - AUD RBA's Lowe Before House Economics Commitee in Melbourne on Thursday 10th August @ 23:30 GMT, GBP looking flat on forecasted data but will monitor over the next few days most of the results will come out on the same day as Aussie from 8:30am GMT.

Lets see how this plays out...
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