Swing: AUD Rates in Focus (07/05/2019)

AUD Cash Rate and RBA Rate Statement will be released in the next 10 mins at the time of writing. GBP/AUD is very bullish with the strength coming in during the US session last Friday. We expect whipsaw to hunt stops (going down lower) before going higher. A bearish candlestick reversal pattern (shooting star) was formed yesterday but it will be wise to follow the trend.

Trade Set-up:

EP: 1.8725
SL: 1.8560 (165 Pips)
TP: 1.94 (675 Pips)

Best Regards,
Nour Capital - Tracking Smart Money Flow

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