TradingView
QuileHills
Jul 14, 2017 2:40 PM

Average of GBP/Major Commodity Currencies Long

0.33*GBPCAD+0.33*GBPAUD+0.33*GBPNZDFXCM

Description

An equal weighted average of GBP vs three major commodity currencies (AUD, NZD, and CAD) shows potential for the start of a bullish move starting here in the middle of the range formed since Brexit.

My chart shows some consolidation in the immediate area potentially closing this week with a small bullish Doji.

I currently have a GBPAUD short open with SL at BE, I may indirectly hedge that position hedge that position with a GBPCAD long entry if it ends today forming a weekly Doji.
More