Synapse
Long

GBPAUD - Buy Opportunity

FX:GBPAUD   British Pound/Australian Dollar
191 1 14
GBPAUD             is set to reach 1.9350-1.9450. Current Price ~1.9000 is a great buying location as old resistance becomes new support.

This buy is nullified by making a new low in the 1.8880 area

Targets would normally be 1.96000 area as noted, however due to the break of the enormous daily/weekly channel, I'll look for 1.9350-1.9450 to serve as a good target instead.

If price can make it back into the channel, a new analysis/interpretation can be made, until then, expect that area to be well defended.

If you're looking for additional conviction/commitment for this trade please refer to this screen shot

snapshot


Good Luck!
Saravan
9 months ago
Great, I had the same idea. It broke the the trend line with a high volume candle. hopefully it will go up few hundred pip.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out