FORMATION of Cup with Handle - GBP AUD -
Hi guys, this is my first time posting an idea in the group.
Feel free to express your point of view. Critics are more than welcome.
It seems to me that it's forming a nice cup with handle here.
This is just an idea. if the price makes the handle and breaks the 2.13572 you could buy. However, expect throwbacks
I've been cautious on the target, there are some support and resistance on the way up.
I am not quite sure if it will turn out to be a good formation. Tomorrow there are few releases on the AUD such as Employment and Unemployment that will affect the price.
I would like to hear your feedback.
Thanks for your time.
Andre
Feel free to express your point of view. Critics are more than welcome.
It seems to me that it's forming a nice cup with handle here.
This is just an idea. if the price makes the handle and breaks the 2.13572 you could buy. However, expect throwbacks
I've been cautious on the target, there are some support and resistance on the way up.
I am not quite sure if it will turn out to be a good formation. Tomorrow there are few releases on the AUD such as Employment and Unemployment that will affect the price.
I would like to hear your feedback.
Thanks for your time.
Andre