Dear colleagues,
Hope you are having a great weekend, today we are focusing on GBPAUD, the price dropped due to XAU(GOLD) extreme bullish momentum, however, as the trend of the gold changed and AUD currency index indicating that bear will have extreme presence in coming days. That is one of the main reason that is why we think that Gbpaud trend has not yet changed and it was a minor pullback and will continue the upward trend in coming weeks.
There are two possible entries that you may consider, first one is when market drop 50-60 pips and then enter with accurate risk management. The second scenario is when price drops to previous low in daily timeframe.
Good luck and trade safe!
Hope you are having a great weekend, today we are focusing on GBPAUD, the price dropped due to XAU(GOLD) extreme bullish momentum, however, as the trend of the gold changed and AUD currency index indicating that bear will have extreme presence in coming days. That is one of the main reason that is why we think that Gbpaud trend has not yet changed and it was a minor pullback and will continue the upward trend in coming weeks.
There are two possible entries that you may consider, first one is when market drop 50-60 pips and then enter with accurate risk management. The second scenario is when price drops to previous low in daily timeframe.
Good luck and trade safe!
Operación activa:
100+ pips from our entry, let's see how price react in this week.
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