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


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.

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