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Simon_Weber
Sep 11, 2023 6:34 PM

GBP/AUD LONG TRADE IDEA Long

British Pound/Australian DollarFXCM

Description

Hello fellow traders!

GBP/AUD is trading today along the rising support line, which the pair has been following since the beginning of the year.
Previously, the pair failed to break the line and consolidate below it.
This week, I believe we will see a further rise from the line.

I recommend to place a long position from the price of 1.94450.
Stop loss at 1.93650.
Intermediate target: 1.96000
Main target: 1.98200

Risk:reward ratio 4.7
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