jamison_fx

GBPAUD DAILY SCENARIOS

Long
FX:GBPAUD   British Pound / Australian Dollar
Caught a nice upside move from the right shoulder as marked last week. I've had the long term long bias for a while now but just trading as it comes. You can see I have marked out 2 major levels where price is stuck between on the daily, I'm looking at price eventually breaking to the upside in the long run but also aware that there could be some nice intra-day shorts from the resistance at 1.84000. On this daily you can see I've pointed out a head and shoulders which can be a good confirmation for a reversal, also price has shown some nice movement from that major level of 1.80000 that also had that last drive to the downside (possible stop hunt). From current price Ill be looking at more buys if price can return and hold on that 1.81000 level.

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