FX:GBPAUD   British Pound / Australian Dollar
47 views
6

Comments

Nice idea on GBPAUD and there may be potential gains as you have identified by going long. Currently price is approaching our first support at 1.8451, which lies just below the support level that you are expecting a bounce. It is a horizontal overlap support, with a 61.8% Fibonacci extension and 38.2% & 23.6% Fibonacci retracement. RSI is approaching our support and we could see a corresponding bounce in price. Ichimoku cloud is also showing signs of bullish pressure. If a corresponding bounce does occur, we may want to take a look at the 1.9026 major resistance, which is similar to the resistance level that you have identified. There is a 76.4% Fibonacci retracement at that level. Excited to seeing how things develop.

Please take a look at our idea and share with us what you think.

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out