Hello Traders, On my previous analysis on GBP/AUD, we already looking for buy position, as we can see on the chart, the price make an aggressive movement. What i expect : - a small retracement and another impulse till Fibo level 61.8 (I'm expecting the price to move near Fibo 50 and 61.8) - a bearish divergence for a retracement to a low point that price made (1.93400) - after retracement of divergence, another impulse that will create the uptrend Simple as that! :)
Checkout my previous analysis here :
Leave a like and follow for more ideas! Enjoy it! PS : Is my vision, make your own choices.