Another request - No time to short, no time for new long!
Same person asked me about GBPAUD too. Well, while GBP is one of the strongest G10, certanly AUD has been one of the worst performers. This is clearly visible on the charts.
Looking at the setups I'd say if someone would like to put on a counter trend trade, then do it rather via GBPCAD (pls see the link to other idea below), as on GBPAUD I don't see even the smallest signal for a pull back.
Weekly:
- Everything is absolutely bullish, no sign of consolidation or pull back.
Daily:
- Bullish Ichimoku setup
- Some minor signal in Heikin Ashi of a sideaway consolidation in last 4 days, but short position doesn't have a good risk reward.
- Would be a possible short signal only below 2,1360
You can pee against the wind, but if it gonna be funny or tragic will depend rather on luck, not on your knowledge and size ;-) ... well if you really really have to pee, you can try with a thin stream, but consider 2,2140 lvl as a policeman appears, STOP peeing there.
Basically at this point I do not see any good risk reward opportunity here. If I were long, I would trail in my stop.
I think GBP is way too strong, but I still can't decide when and against what to short the Sterling.
Looking at the setups I'd say if someone would like to put on a counter trend trade, then do it rather via GBPCAD (pls see the link to other idea below), as on GBPAUD I don't see even the smallest signal for a pull back.
Weekly:
- Everything is absolutely bullish, no sign of consolidation or pull back.
Daily:
- Bullish Ichimoku setup
- Some minor signal in Heikin Ashi of a sideaway consolidation in last 4 days, but short position doesn't have a good risk reward.
- Would be a possible short signal only below 2,1360
You can pee against the wind, but if it gonna be funny or tragic will depend rather on luck, not on your knowledge and size ;-) ... well if you really really have to pee, you can try with a thin stream, but consider 2,2140 lvl as a policeman appears, STOP peeing there.
Basically at this point I do not see any good risk reward opportunity here. If I were long, I would trail in my stop.
I think GBP is way too strong, but I still can't decide when and against what to short the Sterling.
