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Mbjoey
Jan 4, 2024 7:46 AM

GBPAUD Potentially Bullish Long

GBP/AUDOANDA

Description

FX:GBPAUD eventually broke out on the up side and is currently attempting a retest of the broken zone. If it holds as a new found support, a buy will be in order. I recommend the reversal patterns be fully formed before taking the position

Past results does not guarantee future results, do your due diligence

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Half way through to the Targets

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Currently at a critical resistance, looking at the daily charts. We just might experience some pull back, I recommend a close of at least half of the position while we wait to see how price moves

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280 pips for those still holding the position

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Although price has hit my target with about 390 pips, I will be watching out for what price does next as it has come to another major zone. Are we going to see a further push or see some retracement. We wait to see what market does
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