The Top 3 Reasons You Should Watch This Forex Pair
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
Remember to rocket boost this content
to learn more.
Disclaimer: Trading is risky
please learn risk management and profit-taking strategies.
Because you will lose money whether you like it or not.
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
Remember to rocket boost this content
to learn more.
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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