apdodog
Long

GBPAUD Upwards Momentum Has Been Strong

OANDA:GBPAUD   British Pound / Australian Dollar
Hello Traders,

The price action is dictating to us that this pair does not want to turn and break the low, but instead a continuation upside is likely.
We have broken the small trend line and are looking for a continuation pattern to keep going.
Expect a move up to break the 1.8498 high and possibly even continue further to breach 1.861 / 1.865 range.
Look for the move to go from here or it can make 1 more small down move to bounce on the previous trend line before reversing back up.


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Comment: Hard rejection guys, the move just ended I think.. (for now)
I think we have to see what happens after a move back to the trend line to see whether it will completely go down or is it just still in correction for a bigger up move.

Comment: So far, so good. Let us see what happens what happens at the trend line! I will keep you posted.

Comments

wow how right this is!! Great chart! cleaned up!
Reply
apdodog iTzRaDiaNT_TV
@iTzRaDiaNT_TV, Hard rejection, I think the move up ended for now.
Reply
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