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CinaCine
Nov 22, 2020 11:20 AM

GBPAUD on the rise Long

British Pound/Australian DollarFXCM

Description

GA broke out of its downward channel two weeks ago and is still trying to gain its momentum to the upside. I would like to see GA form some sort of stop hunt to the low before I enter a buy. Price reaching 1.805 would be ideal but, I will be reactive nonetheless... (hence all of the alerts, haha) let me know your thoughts in the comments below.
Comments
CinaCine
Hey sorry I'm just now responding. I'm actually in a buy now @1.815 and I'm buying up to the peak formation high of the week 1.83 although I believe price will exceed that level by the end of the week into next week.
Jame5Gr33n
I agree, however I can see a head and shoulder pattern on H1 forming so maybe it could go a but lower to 1.8 before. What do you think?
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