GBPAUD - LETS GO LONGPrice broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
Gbpaudsignal
GBPAUD LONG setupAlways got to be wary going LONG on the GBP in the current economic climate but from a technical standpoint GBP/AUD looks a reasonable LONG trade from these levels now supported by 2 key trend lines.
The channel shown that GBPAUD has been trading in for the last 2 weeks has finally been breached and price could now be supported by the top the channel and the lower rising trend line.My entry is 1.8088 with a STOP at 1.8058 and an initial target of WR1 pivot at 1.8342. No schedule news today to get in the way of this trade though GBP as ever will be at the mercy of supposition and rumour. Looks a decent set up for a 30 pip risk.
GBPAUD-- Bigger Chat Analysis and Forecasting Never Trade alone
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GBPAUD confirm 250 pips tradeGbpaud as you see my last week anlysis you will see its coming down as i said and covered more than 300 pips now Gbpaud has breaks its zone on h4 time frame you can see it is now retesting its upper resistance 1.89878 you can enter now on sell with small lots and set your profit target at 1.87097 and set your stop loss at 1.90944 do safe trading and if you need any kind of help you can comment or message me.