claudiowall

#GBPAUD projection pattern in bullish channel

FX:GBPAUD   British Pound / Australian Dollar
After maintaining rates of both the RBA and the BOE the price of GBP / AUD has continued to trend downward from the average of bullish channel . In the next weeks we could to see a repeat of the bullish pattern of represented for the first elliot waves in the graph, close to the parliamentary elections in UK . Remember that next month the RBA could eventually to reduce rates in Australia which would increase the chance of a good bullish occur medium-term
do you think there is any possibility for a rebound from here? cause we reached the 0.618 are of the previous leg up. oversold in H1 & H4

i am already in the trade aiming for 2.01 (1.618 of the leg up)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia