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KlejdiCuni
Aug 11, 2020 1:55 PM

GBPAUD: Bullish Flag Long

British Pound/Australian DollarFXCM

Description

Bullish Flag

TP1 = 1.8482
TP2 = 1.8574
TP3 = 1.8751


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If you like my analysis:)

Thank you and Good Luck!
Comments
AJTribue
Where would the SL be placed on this chart?
KlejdiCuni
@AJTribue, 1.8200 should be fine or 1.8130 if you want to be more conservative. Thank you!
UnknownUnicorn8099325
Great charts and think you ;


:)
KlejdiCuni
@Esmail-Boumrah, Great job as well.Thank you for sharing.
Jollymolly
1.8125 monthly pivot and daily 20 Ema... With 50 Sma on daily close to 1.81!!!! It is big buy... It jumped exactly from 20 Ema on daily... And mcad on daily is bullish now!!!! High upside ahead!
KlejdiCuni
@Jollymolly, As I am watching it price broke out from the flag and this confirmed my bullish setup. So it should go higher now...or it is going to take our stops :P
Jollymolly
@KlejdiCuni, more chances are high!!! But price action is really very corrective but it keep pushing up..
Jollymolly
@KlejdiCuni, i am now into gbpnzd sell.. i think with time both aud and nzd will be strong again.. gbpnzd going all the way 1.91! lets see for now i am short as it came down from 200 daily sma.. regarding gbpaud.. it still has to clear 1.81.. buyers have stop at 1.814.. but chart of gbpnzd is very scary.. weakness in gbpusd due to eurgbp breakout..
Jollymolly
Nice.. It is going 1.90!!!! It has an open gap at 1.895 as well..
ProjectSyndicate
nice technical setup. thank you for the update!
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