The GBPAUD moved to fast (GBP retail sales news) for my trade plan to be executed last week seen here- http://forex.today/gbpaud-break-or-bounce/
I’m still looking to go short and to clear out MS2 on this pair with an entry at 1.66 or 1.67 would be ideal. Currently waiting for this pair to enter the sell zone. If nothing happens before Aug 1st then I will be looking at next months Monthly pivots for guidance on entry and exit.
Notable News:
RBA: CPI later today -Wed. Asian
GBP: Q2 GDP -Wed. London
Consumer Confidence – Fri. London

Patiently waiting

Last weeks chart

One thought on “Update: Last weeks GBPAUD trade plan”

  1. Maryna says:

    Hi Peter, most pairs are caught in consolidation mode this month, so I’m patiently waiting for breakouts and mainly trade the London and US open/scalping and trading economic news mostly – the only way to make money in a super slow moving market. Must be quite an eye-opener for new traders who start trading this time of the year in this sluggish market!

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