AUD/GBP Price predictionPull back to key level, then a short position 1:1 to fill gap next week clear money maker! Use 13ema till you get to profit then ride it and when it hits the line.
AUDGBP potential reversal AUDGBP currently back within a 12hr OB, with RSI coming out of oversold territory. Will be watching for a reversal around this area. AUS CPI due out in an hour, so this might impact direction in the short term.
AUDGBP in Ranging PhaseAs we can see that the market is not making any move towards Up-Trend or Down -Trend, and is usually going sideways. so the plan is to play the market with the help support and Resistance.
AUDGBPRunning triangle is formed where the wave 4 has ended. The next leg would be impulsive wave 5. The price has to break out from the pattern to form another leg.
The bulls have tried to break out couple of times but didn't succeed that squeezed the price to coil a symmetrical triangle.
AUDGBPAUD is a bullish as it is moving above the 200ma. My prediction is a flat pattern during the formation of wave 2 of a smaller degree in respect to larger wave i and ii.
AUDGBPBullish momentum with supported at 30EMA. The price is likely to hit at Fib ratio of 1.1618 with ending at wave 5 of a smaller Sub wave of a higher degree iii. We will see whether it will break previous resistance level or not.
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