GBPAUD - Go long before shorting it!
Plan to long GBPAUD before go short if the price remain under the plotted trendline.
GBPAUD = GBPUSD * USDAUD
Level to monitor: 16700, 167100, 167500.
GBPAUD = GBPUSD * USDAUD
Level to monitor: 16700, 167100, 167500.
Note
Technically, GBPAUD turned to shorting mode after Carney's dovish statement. I am still look forward to long GA but waiting for the setup as the intermarket details showed a potential bid for this pair.
Reason: MPC voters - Hawkish on GBP
RBA not comfortable with expensive A$
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