FX:GBPAUD   British Pound / Australian Dollar
Potential to earning 90 pips
EP 1.80755
CL 1.80485
TP 1.81690

Comments

Nice idea on GBPAUD and there may be bullish potential as you have identified. We went for a longer time frame in our set up. The 1st support that we have identified is at 1.8016. It is a 50% Fibonacci retracement , 61.8% Fibonacci extension and a horizontal swing low support. Stochastic is approaching its support at 2.6% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 1.8143 resistance level. It is a horizontal swing high resistance. Looking forward to see how things develop.

Please have a look at our idea and we would like to hear your thoughts.


Reply
MrBeDiff ICmarkets
@ICmarkets, yeah.. great explanation lookl ike its going as what u want :D
+1 Reply
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