There is still one more month for harvesting this one to upside. 1.83 should be easily reached, expecting 1.85 to top and then ... well let's leave future to the future.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
HELLO TRADERS,
There are 2 scenarios that are most likely to happen now in my opinion.
First option is that we go straight down from here to the 1.76 / 1.7561 range. That would mean that our regular flat pattern is complete and we are ready for the third impulse.
Second option is that we first come down to test the 1.789 zone and complete a small B wave...
Our algorithm opened and closed 2 GBPAUD short intraday trades yesterday. Both winning.
2019-09-12 20:20:01 GBPAUD Sell 1.79850 2019-09-12 21:49:42 1.79679
2019-09-12 16:54:01 GBPAUD Sell 1.79759 2019-09-12 17:29:07 1.79599
We still have 2 open positions as well both short.
For more information on how to follow over automatic forex trading system please...
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
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