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Hamidmiah_
Feb 11, 2016 4:44 PM

GBPAUD .618 or Doom? 

British Pound/Australian DollarFXCM

Description

bullish trend possible since .238 retracement, possible .618 retracement @2.0561 if only moving average crossover with 9 over 50 then market entry with confirmation @2.0450.

However bullish trend and bearish RSI leading to bearish divergence in momentum, hinting possible consolidation or retracement back into structure support at 2.0298 after hitting minor resistance @2.0394

WAIT FOR CONFIRMATION!!!!!!!!
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