Its been a while since i recommended trading a Forex pair..sorry about that. Besides my nickname is Lubosi Forex For a reason right?
Now am going to share with you my market analysis and market strategy for this forex pair GBPAUD
So just hang tight and enjoy the ride. Here we go..
- First thing is here, do not short sell this price action - because of the crash you may think the price will
drop further. Dont fall for this bearish price action. - Second, notice the candle stick pattern? its a counterattack bullish pattern according to a book I read by Steve Nisson
About Japanese Candlestick Charting.
The counter attack has a red bar, followed by the green bar which Opens lower than the last close..
Closing lower than the last close. - Third, on the catalyst you will notice that the Bank Of England has forecasted a drop interest rate as decision which is
Happening this week. - And finally, Austrialia is forecasting a drop in a balance of trade. Its important to note that
When a balance of trade drops from Australia, it shows you the health of that currency of that country
Stay tuned to the economic calendar this week to see if these forecasts will happen
As stated..Trade safely
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Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Because you will lose money whether you like it or not.
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