A pretty safe entry here on GBPAUD, I wanted to see a good attempt at going lower. Price has held the KS line nicely. Exited near the daily low where price has bounced hard and quick on 3 occasions now.
GBPAUD has tested the 1.8170/80 area on no fewer than 9 occasions on the hourly chart. With the weak UK data and the trend still nicely down, I was looking for a short and finally got my entry. Price closed off of the cloud and held on for +35.
Winter has officially started here in Aus and it's been a bit nippy down at 5/6c! Although, it does warm up nicely to 22-24c during the day.
A lot of sideways movement to begin the week, GBPAUD does look a little jumpy to the upside, hopefully something there.
Probably the slowest week I've ever had. GBPAUD is bouncing off of the low of yesterday, yet to take action. Looks like it could bounce to 1.8250+. However, if it does break the 1.8194 area, it has plenty of scope for going lower.
GBPAUD setting up a great setup but I've seen this before where GBPAUD trends heavily during Asian session. There seems little reason to think it will reverse from here. I'd like to see it pop to 1.8700+ before playing a short.
Friday turned out to be a flop for me with no trades. Kept deliberating on GBPCAD but couldn't commit.
A pretty big range on AUD crosses as the AUD has been weak on further trade talk fluff. It seems to be dragging on as long as Brexit.