FX:GBPAUD   British Pound/Australian Dollar
134 3 2
Three times tested trendline + Monthly Resistance + 61.8% Fibo level form the last up move = three major confluences but wait for the Pullback first !!
Olu
9 months ago
Wise words - wait for the pullback. We have just had BREXIT news unfavourable to GBP released in the UK so this idea might not play out as planned
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Pipster
9 months ago
All GBP pairs will gap down on Aussie open for sure.
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N.Trueg
9 months ago
Yes there is a high chance for a gap but if the price holdes this Trendline an WS there is no reason why it shouldn't breack the MR. Then wait for the pullback and for candles that show the confirmation of pullbacks end. If that doesn't happen there is no reason to enter and we should look for another opportunity simple as that;)
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