GBPAUD: Looks Bullish Long

British Pound/Australian DollarFXCM

Description

⋅ Dec 3, 2020 10:57 AM

GBPAUD reached a local structure low on hourly today.

On that, the price has formed a double bottom with a higher low and just closed above its neckline.

Now bullish continuation is highly probable.

Local goals:
1.815
1.82

Comments

ShlomoYahbes

⋅ Dec 6, 2020 8:22 AM

wow...
I'm so impressed Vasily
Your TP goals are so accurate !!!

forexboat

⋅ Dec 4, 2020 5:27 PM

Nice technical analysis

pedroosorio777

⋅ Dec 3, 2020 12:21 PM

If in the American session, the pair starts to fall, it will give me the opportunity to buy

VasilyTrader

⋅ Dec 3, 2020 8:35 PM

@pedroosorio777, thank you for comment buddy!

SouthAfricanSnipper

⋅ Dec 3, 2020 11:58 AM

Damn i missed this move... 😭 i was busy with Gold

BigBoss88

⋅ Dec 3, 2020 11:05 AM

Yes, TP1 also my target based on falling resistance trendline/triangle

VasilyTrader

⋅ Dec 3, 2020 12:43 PM

@BigBoss88, thank you for comment bro :)

VasilyTrader

⋅ Dec 3, 2020 10:59 AM

Are you also bullish on GBPAUD?

Gabriel_Gois

⋅ Dec 3, 2020 11:05 AM

@VasilyPonomarev, AUD does look stronger than GBP at the moment.

VasilyTrader

⋅ Dec 3, 2020 12:43 PM

@Gabriel_Gois, thank you for comment my friend!