The GBP/AUD are currently in an upward channel. The 86% fib level is falling around the bottom trend line. Some clear previous support and resistance levels also around this level.
Plan: To monitor on smaller time frame if price starts to move toward the 86% fib area. Long position at the 86% . Stop below the X leg. To be aware of any data coming out. Aware of any long candles indicating a lot of selling pressure.
Comments
g2-rockach
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Moving on up.....for the time being!
JM_UNION_FTS
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nice chart buddy ....
do this for me ! draw a line from B down toward next low and then copy past it from C to the last high that happened before couple a days, you will see something special