jamison_fx

GBP/AUD FINALLY GEARING UP FOR A MUCH NEEDED PULLBACK

Long
FX:GBPAUD   British Pound / Australian Dollar
This is something i'll be monitoring over the next few weeks, GBP/AUD has had a major fall from 2.05000 without any major kind of pullback. If you jump to the weekly you can see its coming in contact with a huge weekly trend line support, already on the daily and 4 hr you can see multiple rejections from the highlighted region. After such a big fall price isn't just going to whip back up to the upside, i believe it will be popping back into the highlighted region attest one more time from there ill be looking at a long trade, keep in mind after such big moves the market can become very manipulative knowing that a lot of people thinking the same thing, so one more big wick down is not out of the picture.

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