Hello guys,
here is an easy trade. GBP are in an uptrend overall and if we look at higher timeframe like monthly chart, we can see that GBPAUD will go up for a long time. The market did pullback at the end of last week and this is amazing because we can now re-enter LONG on GBPAUD.
Here is my simple chart. Strong supply&demand that been broken 2 weeks ago, and in that same supply&demand I did see a 61.8% fibs. The supply& demand is also valid on higher timeframe. Thats another sign that it should reverse in this area.
Trade with care,
PC
here is an easy trade. GBP are in an uptrend overall and if we look at higher timeframe like monthly chart, we can see that GBPAUD will go up for a long time. The market did pullback at the end of last week and this is amazing because we can now re-enter LONG on GBPAUD.
Here is my simple chart. Strong supply&demand that been broken 2 weeks ago, and in that same supply&demand I did see a 61.8% fibs. The supply& demand is also valid on higher timeframe. Thats another sign that it should reverse in this area.
Trade with care,
PC