Is It Time To Buy GBP/AUD?

15 January 2017, 12:56
Ahmad Hassam

GBP/AUD is a good pair for swing trading.

GBP/AUD gave a very good sell trade in the first week of 2017.

Is the downtrend over? This is an important question.

I have written this blog post in which I explain how to analyze GBP/AUD.

When you analyze a currency pair, you should start from the highest timeframe.

Then you should go to the lower timeframes.

If you look at the H4 chart, it looks like GBP/AUD downtrend is over.

But when you look at weekly chart, it is a definite downtrend for GBP/AUD.

GBP/AUD will go down more before it finds support.

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