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jamesabuck
Feb 8, 2021 6:47 AM

GBPAUD - Short Term Sells, Long Term Buys Long

British Pound/Australian DollarFXCM

Description

I have a buy bias on this pair looking at higher timeframes and continued £ strength. On the daily timeframe, we're forming an ascending wedge of higher highs, and higher lows. We're looking to capitalise on this bull run by seeing a pullback into our confirmation zone which includes rejection of the 78.6% fib, the Point of Control (POC), and the ascending trend line. Happy Trading!

Trade active

And we're in! Took a while to decide what it was going to do but we're showing some nice profit!
Comments
Chris_yates
That looks a very calculated summary! I go bias with you on buying !
jamesabuck
@Chris_yates, Thank you, my friend!
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