GBP/AUD POTENTIAL LONG
Updated
G/A ANALYSIS
5/12/2020
After a big bearish run, price has made its way down to Monthly level 1.9000
This is been the market direction for the past month or so..
With the crucial news coming out tomorrow regarding AUD & NZD (both move in correlation)
This could be a potential trade.
The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Composite into the close
Major moves on AUD and NZD MAY 13
HIGH IMPACT NEWS:
NZD
Annual Budget Release
AUD
Unemployment Rate
AUD
Employment Change
Do NOT trade before taking confirmation.
Stay Patient!
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
Message for private entries!
5/12/2020
After a big bearish run, price has made its way down to Monthly level 1.9000
This is been the market direction for the past month or so..
With the crucial news coming out tomorrow regarding AUD & NZD (both move in correlation)
This could be a potential trade.
The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Composite into the close
Major moves on AUD and NZD MAY 13
HIGH IMPACT NEWS:
NZD
Annual Budget Release
AUD
Unemployment Rate
AUD
Employment Change
Do NOT trade before taking confirmation.
Stay Patient!
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
Message for private entries!
Note
Note
AUD NEWS CAME OUT BAD AS EXPECTEDNote
Note
already double bottom on 4HNote
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