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Forex Trading Pair Discussion: GBP AUD
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Another Forex Lesson from an extract of our Forex Private Group discussion

Forex Trading Pair: Gbp Aud

The Gbp Aud was mentioned days before meeting the price pivot (white line) of 1.583. Price stopped right at the area to form a price action pin bar as it got rejected by the strong price pivot.

However, if we took the price action pin bar – we would have either took a partial profit or got out breakeven. As mentioned that the gbp is still strong and the flooding at Aud is not getting any better.

With this, we will expect price to head further up until the flooding eases. Price is now stalling at the 365 moving average area and if it breaks up. Price will continue its bullish route.

In the daily chart, there are only bullish price action bars all the way without any obvious bearish bar. Therefore we will not go against the bullish strength of this pair.


This is our yesterday’s evaluation of forex trading pair: Gbp Aud

gbpaud13j11Price has today broken the 365 moving average in the 4hr time frame and formed a price action pin bar (highlighted blue box) as seen in the chart below. With such a scenario, there’s a good chance that price will continue its move up.

Ezekiel Chew

 

ps: Click the “like” button and drop a comment below. =)

 

Next Expert Article: Forex group discussion (part 2)

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About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

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About Ezekiel Chew
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM
(The same system I use to make 6 figures a trade with)

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