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British Pound / Australian Dollar
Long

My Thoughts On GBP/AUD

By Forex_
Updated
In my analysis of GBP/AUD, this currency pair is BULLISH on the 1 HOUR CHART. The chart is coming from a TEA CUP pattern just completing the handle and moving upward, making higher highs and higher lows. I forecast price will move to $1.88180. In this analysis I used Chart Patterns, Elliot Wave & Fibonnaci. GBPAUD
Note
Initially, looking at the chart from the TEACUP PATTERN, forecasting price would break the area of resistance. However, Price did not break the area of resistance and reversed moving bearishly.
Chart PatternselliotwaveanalysisfibonaccianalysisFibonacci ExtensionFibonacci RetracementteacupstrategyTrend Analysis
Forex_

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