selfrighteousgambler
Long

AUDGBP LONG @ ~0.50600 (Continuation)

FX_IDC:AUDGBP   AUSTRALIAN DOLLAR / POUND STERLING
After gaining 100 pips in the last two days, I expect there'll be some form of pullback.

There are two supply zones that are now acting as intermediate demand as price rallied away from these areas.

The move away from ~0.50800 isn't particularly strong as it runs into a supply zone about 10 pips above.

The ~0.50600 zone is more reliable (in my opinion) based on the rally away. Price has no returned to that zone yet.

It coincides with the 0.50 of the Fibonacci tool and so any rally from this area could be held until the 1.618 area (~0.51500) although I'd be looking at ~0.51400).

EP: ~0.50600
SL: ~0.50450
TP 1: ~0.50900
TP 2: ~0.51400
R/R 1: ~3:1
R/R 2: ~8:1
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out