GBPAUD - Bullish Butterfly - RISKY!
A nice Bullish butterfly has formed on an important weekly support level.
OBV divergent, RSI in potential bounce zone.
I like this trade from a strictly TA standpoint, however the mostly bearish sentiment regarding Teresa May and her Brexit struggles has me waiting on the sidelines until reversal from PRZ or fundamental news that confirms a more bearish Aussie or a bullish Pound
Watching AUD unemployment data tonight and GBP retail sales tomorrow morning.
OBV divergent, RSI in potential bounce zone.
I like this trade from a strictly TA standpoint, however the mostly bearish sentiment regarding Teresa May and her Brexit struggles has me waiting on the sidelines until reversal from PRZ or fundamental news that confirms a more bearish Aussie or a bullish Pound
Watching AUD unemployment data tonight and GBP retail sales tomorrow morning.
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