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VladimirRibakov
Nov 29, 2016 3:06 PM

GBPAUD Buy Idea Long

British Pound/Australian DollarFXCM

Description

There is a trend line from the lows which will act as support if the pair reaches the Buy zone . I want to see the price reaching this buy zone first of all, ideally creating bullish divergence.

Next step is to wait for a breakout above the most recent down trend line.

Target 1 – 1.6650.
Target 2 – 1.6900.

Stop Loss – below last low and closest support zone.
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