GBPUSD Sellers Could Target Key Swing Lows
https://www.charlesclifton.co.uk/dai...tion-16-10-23/
Daily Forex Price Action : Mon 16th October 2023
Today we’re looking at Trading Setups in:
GBPUSD (Primary Focus Pair)
AUDUSD (Covered In Video)
AUDCHF (Covered In Video)
Cable (GBPUSD) is in focus for us today after the market reversed its bullish sentiment from last week.
Last week’s close was bearish below the key Weekly (W1) resistance of 1.2325.
This could see sellers target the key Weekly (W1) swing lows at 1.2050.
GBP is W2 on our trend traders table and USD is S2.
On the slate throughout today we do have speeches from Bank of England members which will impact the price of cable today, so we could trade this at a reduced risk.
Continued >>>
https://www.charlesclifton.co.uk/dai...tion-16-10-23/
Daily Forex Price Action : Mon 16th October 2023
Today we’re looking at Trading Setups in:
GBPUSD (Primary Focus Pair)
AUDUSD (Covered In Video)
AUDCHF (Covered In Video)
Cable (GBPUSD) is in focus for us today after the market reversed its bullish sentiment from last week.
Last week’s close was bearish below the key Weekly (W1) resistance of 1.2325.
This could see sellers target the key Weekly (W1) swing lows at 1.2050.
GBP is W2 on our trend traders table and USD is S2.
On the slate throughout today we do have speeches from Bank of England members which will impact the price of cable today, so we could trade this at a reduced risk.
Continued >>>