A great opportunity for Shorting GBPAUD

After a flash crash in AUD, it is nicely bouncing off the supports. Here is weighted average AUD and I expect AUD to visit the upper band of the wedge formation.

At the same time see AUD 10 years Yields. Exactly the same pattern and any fresh high in daily Yields means Bullish move will continue.

Now see weighted average Sterling. Beautiful pullback off the upper band of the wedge

So we will have weaker GBP and stronger AUD

Kommentera:

A great spot to Add. See yesterday's daily shooting star following a nice daily candle today pulling back off the EMA 14 and 21.