GBPAUD – Strongly bullish but …… for the week of 5 Dec 2022
This pair has been bullish for the past 2 months, but for the 3rd time in recent days price has reached 1.8120. The previous 2 times, that area has held firmly as resistance, but this may change. IMO the bulls will succeed this time around although stalling of price in this region for some time cannot be ruled out. I would be patient, wait until price breaks above and then retests the area and then shows some bullish momentum before committing to a trade.
Always use sound money and risk management and stay patient in all your trades.
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Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.