Swing: AUD Rates in Focus (07/05/2019)
AUD Cash Rate and RBA Rate Statement will be released in the next 10 mins at the time of writing. GBP/AUD is very bullish with the strength coming in during the US session last Friday. We expect whipsaw to hunt stops (going down lower) before going higher. A bearish candlestick reversal pattern (shooting star) was formed yesterday but it will be wise to follow the trend.
Trade Set-up:
EP: 1.8725
SL: 1.8560 (165 Pips)
TP: 1.94 (675 Pips)
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade Set-up:
EP: 1.8725
SL: 1.8560 (165 Pips)
TP: 1.94 (675 Pips)
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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