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Trader_Mai
Feb 26, 2015 11:54 PM

AUD/GBP OUTLOOK : BULLISH Long

AUSTRALIAN DOLLAR / BRITISH POUNDICE

Description

The analysis above is just my overall bias on the pair. Price has reached the bottom of the channel (also the completion of a harmonic wave) and is beginning print higher lows (indicating a possible uptrend). However, price is still struggling to break resistance (shaded grey area). I will be monitoring this pair for a LONG entry once resistance is broken. Entry will be based on a demand/TL/fibs. A smaller TF analysis for possible entry points will be posted soon.

Please feel free to comment below for any questions or suggestions regarding my analysis.

Thanks
MaiTrader
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