See callout bubbles. This trade is a little bit on the aggressive side, but the GBP heated up quite a bit on Friday, so I would expect this to continue across most pairs. It appears that the GBP commodity-crosses (AUD, CAD, NZD) may finally be forming some solid bottoms on the higher time frame, so I am looking to join these trends on the smaller time frame. Again, this is a bit aggressive, but in my book, I think it's worth a shot!
Always measure your risk and be okay with being wrong ; )
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Price came into out level and is currently hovering just above our entry. With AUD unemployment tomorrow, will we see more weakness in AUD and push this pair up?
We will soon see.
Always measure your risk and be okay with being wrong ; )