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Edu4X
Apr 14, 2020 4:42 PM

GBPAUD [LONG] Long

British Pound/Australian DollarFXCM

Description

Hello traders,

On FX:GBPAUD we can see a test on the 1.95 level for the second time, being the first at the end of March, and this last test formed a bullish engulfing pattern with a shooting star . It is now breaking from the downward trend it has been on April.

Plus, on the 1H chart the 20 EMA is almost crossing the 50 day EMA . And the MACD is showing some bullish strenght.

Have a good week and trade safely!!

Comment

Pushing up!!!
TP1: 1.9950 (+350 Pips)
TP2: 2.0500 (+900 Pips)

Comment

Move SL to Entry Point. Risk free!!
Comments
transparent-fx
gbpaud looks quite interesting, this is my view
Edu4X
@transparent-fx, thanks for the feedback!! Possible H&S incoming
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