GBPAUD Long Idea
Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends
Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up with the 38.2% 4hour fib level
Our target will be the monthly resistance around 1.87250 followed by our target at the -27% fib level around 1.885
Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends
Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up with the 38.2% 4hour fib level
Our target will be the monthly resistance around 1.87250 followed by our target at the -27% fib level around 1.885
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.