bruzzese1

GBPAUD Long off trend lines and 0.618 fib, waiting for pullback

Long
bruzzese1 Updated   
FX:GBPAUD   British Pound / Australian Dollar
3
Price has broken minor trend line (purple) to the upside. Price has also tested the 0.618 fib retrace twice without breaking downward further.

There are a few major trend lines (red) which provide support. Please zoom out to see just how well respected these have been in the past.

There is also divergence on MACD and hopefully we will see more should the price pull back down for a time.

Entry: 1.909
S/L: 1.882
TP1: 1.951
TP2: 1.995

Thanks! Good Luck!
Order cancelled:
Price took off without me!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.