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UnknownUnicorn94714

Widening Wedge & 1.78000 breakout-based LONG

Long
British Pound / Australian Dollar (FX:GBPAUD)  
UnknownUnicorn94714  
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD gbpaudlong gbpaudpattern gbpaudtrade Wedge gbpaudbreakout
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gbpaud gbpaudlong gbpaudpattern gbpaudtrade wedgepattern gbpaudbreakout
Previous support at around 1.83000 formed in April is likely to be this pair's next resistance, but the LONG bias will only be valid if we break 1.78000 and maintain price above this level. Around the 1.783000 level, the ichimoku cloud will hopefully act act as some resistance together with the 50% and 61.8% Fibonacci retracement levels.

What do YOU think?
ANYTHING CAN HAPPEN!
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