GbpAud Potential Long setup

22 Okt 2018

GbpAud as mentioned before is still Bullish. the market is currently retracing. Last week 2 successful positons hit Tp and the week ended with a strong Bullish candle. I believe the market will retrace some more because of Brexit uncertainty. Cot figures released from last week shows that investors/ big boy bankers closed off +8000 short positions and increased Long exposure by adding +1900 Long Positions which indicates Gbp strength will come back into the market. AUD currency strength shows that its still weak which indicates to still expected GbpAud to push higher. For now we just have to sit and wait for the opportunity to present itself.