GBPAUD wating for longs
20 Sep 2019
GBPAUD Forex cross pair, British Pound versus the Australian dollar, is in a clear uptrend with a very strong daily demand level in control. We cannot go short if we have a clear uptrend and a solid supply imbalance in control.
GBPAUD Forex cross pair forecast
We expect the price to rally higher per our supply and demand technical analysis. GBPAUD forecast and trend are bullish, buy opportunities are being created, we should be long already on this one, and so are the Set and Forget trading community members. On top of all this, the Aussie (Australian Dollar) is getting very weak on all Aussie Forex cross pairs. This kind of correlation will help longs on this Forex cross pair.
Going long at new daily demand levels is the way to go, expecting the price to drop to new demand imbalances to go long again on this Forex cross pair.
Watch GBPAUD supply and demand video analysis and forecast
Forex price action analysis using supply and demand technical analysis
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half-time job; you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
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