GBP/AUD LONG IDEA

2 Eyl

We are currently in a discount with respect to the 2-Month chart DRT Range and yet to trade into a premium. The algorithm has repriced into the +OB and is currently respecting the MTH of the 2M +OB. After the Jul/Aug trading session, we had a CISD, and the currently 2-Month candle should trade into the +POB (May/Jun 2-Month candle), respect its MTH and then run for the Jul/Aug Wick's C.E and ultimately its buyside. Also, the Interest Rate Differential Favours a bullish GBPAUD There's a lot of range to the upside for FX:GBPAUD. For now, we wait ...... ✍️
https://www.tradingview.com/x/2XB59VOa/

where OB (Order Block)
POB (Propulsion Order Block)
CISD (Change in State of Delivery)
MTH (Mean Threshold)

Good Luck and Good Trading