Hello Traders!,
Today, I'm looking to take advantage of a huge increase of GBP longs from the beginning of the week, a 14% increase on on GBP added with a 2% decrease on AUD longs gives me confluence that this pair is on the move upwards.
As as it stands, non-commercials are 54% long on GBP currency while only 45% of non-commercials are long on AUD.
This discrepancy between the two currencies indicates bullish volume within the GBP/AUD pair
What Is The Market Telling Us?
When Should We Enter?
Today, I'm looking to take advantage of a huge increase of GBP longs from the beginning of the week, a 14% increase on on GBP added with a 2% decrease on AUD longs gives me confluence that this pair is on the move upwards.
As as it stands, non-commercials are 54% long on GBP currency while only 45% of non-commercials are long on AUD.
This discrepancy between the two currencies indicates bullish volume within the GBP/AUD pair
What Is The Market Telling Us?
- Price has bounced off of W1 support followed by bullish impulse reaction
- Resistance now support is being retested for a pullback after bullish impulse.
- A high probability reversal on bullish trend is imminent
When Should We Enter?
- Await a pullback towards S1 before entering BUYS
- To be conservative, wait for bullish impulse move after pullback towards S1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.