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UnknownUnicorn5574513
Apr 15, 2020 8:21 PM

GBP/AUD Long Long

British Pound/Australian DollarFXCM

Description

Price has respected the long term trend line and has continued to respect the trend . This is a trend continuation play.
Comments
Kailas198
Hi stacks. Fan of your charts! Hust a quick question as I’m a newbie. How do you know it will reflect off the 1.98 resistance and not just break through? On your graphs I notice you normally put a bounce from the resistance and then a break. How do you know this?
UnknownUnicorn5574513
@Kailas198, It could break through , however due to confluence such as a long term trendline and short term support meeting , I would expect it to hold . Hope that answers your question
Kailas198
@StacksUK ye that does thank you so much
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