GBP/AUD, 14 October: why the scanner flagged a bullish setup
Three checks lined up on the afternoon of 14 October. Here is what each one saw, and why the first one is the check I never skip.
This setup is still open: it has reached neither its target nor its stop. I will add the result to this page when it closes, whichever way it goes. The entry, stop and target stay inside KriekTrade, for members.
The rule
For 22 years I've followed one rule above all others: only buy when the daily trend says you're allowed to. The KriekTrade scanner applies that rule before it looks at anything else.
What the scanner checked
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Check 1Daily trend
The last completed daily close was above the 45-day exponential moving average (EMA). On the afternoon of Wednesday 14 October that meant Tuesday's close, about 25 pips above the line.
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Check 2Long-term backdrop
That direction agreed with the 18.6-year cycle, the structural backdrop KriekTrade reads its Risk Gauge against.
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Check 3The trigger
Price had pulled back to a Fibonacci retracement of the previous swing and held there, then the RSI turned up. With all three in place, the scanner labelled GBP/AUD "Bullish Setup Confirmed".

Why the daily close, not the live price
The trend check reads completed daily closes only, never the live price. A filter that flips with every tick tells you one thing in the morning and the opposite by the afternoon.
GBP/AUD on 14 October shows why. During Wednesday the price traded on both sides of the 45-day EMA, and the day closed about 30 pips below it, so a live-price filter would have switched back and forth all day. The scanner's decision rested on Tuesday's completed close. Thursday 15 October then closed more than 200 pips above the line.
What happened next
Since then the price has moved the way the setup pointed, but the trade has reached neither its target nor its stop, so there is no result to report yet. One setup is not a track record either; for that, my accounts are published on Myfxbook.
See setups as they form
The scanner runs these checks across every market it covers, every hour, so you see a setup when it forms rather than after the move. Anyone can open it and look around; the entry, stop and target are for members.
Interests. I founded and own KriekTrade.io, and I sell its subscription and my one-to-one mentorship. I may hold positions in the instruments I write about, and may trade them before, during or after publication.
How this was made. Drafted with AI from my LinkedIn post of 15 October and the scanner's record, then checked and approved by me. The chart uses KriekTrade's own daily prices.
For educational & informational purposes only. Not financial advice. Trading involves substantial risk of loss; never trade money you cannot afford to lose. A past setup says nothing certain about the next one.