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GBPAUD Remains Top Priority For Our Traders

Tues 11th July 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

  • GBPAUD (Primary Focus Pair)
  • GBPCAD (Covered In Video)
  • CADCHF (Covered In Video)
  • USDJPY (Covered In Video)
90 Days To Profit Forex Challenge | Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses | charlesclifton.co.uk

Primary Focus Pair: Trade Plan & Details

Details:

GBPAUD still is our top priority despite our call not getting triggered. 

GBP is S3 and AUD is W3 on the day traders table and price has recently formed a new higher high on our trading time frames.

In yesterday’s post we looked for an entry into the market around 1.9180, however, the price stopped just before and continued to trade higher.

This forex pair remains high on our list due to its potential returns it could accrue. 

Price is still 400-500 pips away from the next key resistance of 1.9700.

This gives this setup a great risk to reward ratio. 

Now price has formed new highs on our lower time frame, we can look for a retest of these prior highs for an entry.

If price retests these highs we can look for a long opportunity.

Live Forex Charts - GBPAUD - Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses - 11-07-23