Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades mostly the Asian Market.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

 

Overview

We’ve got a solid trading opportunity today with the release of the Australian employment data. To me the most natural trade is GBPAUD since GBPUSD has the clearest ‘downward’ sentiment. Strong AUD data should see GBPAUD slide lower and it comes at the right time with GBPAUD just at the end of a short term rally back towards 1.7750. So it’s ready to go down!

Current Technicals: Down

Hourly Resistance: 1.7835

Hourly Support: 1.7700 (Weak – 2 touches only)

GBPAUD HOURLY CHART – Current Price 1.7735

Current Fundamentals: Down

Central Bank Sentiment: Neutral

Geopolitical Impact: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

I’m looking to get short on strong AUD employment data. If the Unemployment rate is ≤5.1% I’ll get short GBPAUD.

The trade is not ideal because the pair is currently in the middle of a bigger range so the trade size will be smaller!

Execution Software

Trading live: T-Rex Live Trader or Guerrilla Trader

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