GBPAUD TRADE IDEAS
This is my favourite pair that I trade and believe it to be the most rewarding pair traded on a daily bases. Well, the purpose is to make pips and would like to focus on technicals, fundamentals and charting. Different styles of trading most welcome eg. scalping, intraday and long term. Be reminded that this is indeed a high risk/ high reward pair and that makes this pair so attractive. Please feel free to start discussions. Thank you
Trade for the 30th December 2017.
GBPAUD is in a Range for some days now and has bottom out below the 1.7000 round number and move to the up side through the 1.7000 round number and is expected to hit the 1.7100 next round number.
GBP very aggressive to the upside and will leave price to move to next round number 1.7200. Previous high was at 1. 7150, be careful at this price line.
Cool, I was a bit late or to early at the same time. I should have waited for the pull back towards the 1.7000 and got in. This could have resulted in more pips. Sometimes it’s good to wait a bit but I could not help but get in. I am anticipating for price to break the range today, I hope.
The AUD TB results was very good and price is expected to hit the 1.68250 line. Be careful when price reach this mark it will bounce back up very fast. take profit 5 pips before the 1.68250 line. I will also look to enter long at this line.
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