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My Thoughts On GBP/AUD

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
Forex_ Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns teacupstrategy Fibonacci Extension Fibonacci Retracement fibonaccianalysis elliotwaveanalysis
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trendanalysis chartpattern teacupstrategy fibonacciextension fibonacciretracement fibonaccianalysis elliotwaveanalysis
In my analysis of GBP/AUD, this currency pair is BULLISH on the 1 HOUR CHART. The chart is coming from a TEA CUP pattern just completing the handle and moving upward, making higher highs and higher lows. I forecast price will move to $1.88180. In this analysis I used Chart Patterns, Elliot Wave & Fibonnaci. GBPAUD
Comment:
Initially, looking at the chart from the TEACUP PATTERN, forecasting price would break the area of resistance. However, Price did not break the area of resistance and reversed moving bearishly.
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