GBPAUD 1:10 Risk Reward (High Risk, but Lucrative Potential)
GBP False Long?
- Brexit optimism in the public eye. Pound surges suspiciously in such uncertain times.
- False breakout potentially?
- LogicStrategy Quant score: -14
- COTA reading: 54% of funds are net short on GBP
AUD Fundamentals
- The People's bank of China has reported its second month of gold buying. Showing a potential appreciation on AUD
- Quant score: 20
- COTA reading: 60% of funds are net short on AUD
The COT sentiment readings old no bias on this trade, making it even more uncertain in the longer run.
- Brexit optimism in the public eye. Pound surges suspiciously in such uncertain times.
- False breakout potentially?
- LogicStrategy Quant score: -14
- COTA reading: 54% of funds are net short on GBP
AUD Fundamentals
- The People's bank of China has reported its second month of gold buying. Showing a potential appreciation on AUD
- Quant score: 20
- COTA reading: 60% of funds are net short on AUD
The COT sentiment readings old no bias on this trade, making it even more uncertain in the longer run.
Note
GBP Logikfx Score update:-17 (-3 shift) showing continued weakness.
AUD Logiikfx Score update:
25 (+4 shift) showing continued strength.
Price
The price is not reflecting the intrinsic value. Further confirming the idea.
Note
GBP scores decreased to -17 AUD scores increased to 35
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.