Daily Forex Price Action - Wed 2nd Aug '23 - Charles Clifton

+200 Pips On GBPAUD: AUDUSD Next?

https://www.charlesclifton.co.uk/dai...ction-02-08-23

Wed 2nd August 2023 | Daily Forex Price Action

Today we’re looking at Trading Setups in:
AUDUSD (Primary Focus Pair)
GBPAUD (Covered In Video)
NZDUSD (Covered In Video)

Our GBPAUD idea has seen the market rally over +200 pips in profit now offering traders an option to bank some of their positions or reduce risk.

AUD weakness has been the main driver behind that market moving higher and is in focus again today.

AUD is W1 on our day traders tables and USD is S1, making AUDUSD a chart to watch.

When viewing the price charts we can see this forex pair has been in a downward trend within a larger time frame range.

If price is going to trade towards the lower support of the range, we should expect the lower time frame downward trend to continue.

Cont >>>

I'm not sure if you know how a forum works but there is no need to start a new thread every time you post.

That makes it very hard to follow, simply have one thread and add posts to it.

That way subscribers can easily follow the information, thanks.

Hi there. Yes that was considered, however each day is a different day, yesterday's newspaper is, well, yesterday’s news, so our social guy thought it best to start a new thread with each day.

Does that make sense ? Are we missing something ?