hello everyone
Looks like a buy on GBPAUD for coming week, currently is GBPAUD in a falling wedge pattern and the pattern almost perfect closes on the 50 fib. Personally i think we will go to the 50 fib and breakout on the falling wedge. First target would be at 1.837 if it breaks there would be the second target at 1.886 this would be a trade for a couple weeks even months to reach the second target. also it can bounce back at 1.837, 1.837 is a strong s/r level from the weekly chart. all the blue lines you see on my chart are key s/r levels from the weekly timeframe.
Looks like a buy on GBPAUD for coming week, currently is GBPAUD in a falling wedge pattern and the pattern almost perfect closes on the 50 fib. Personally i think we will go to the 50 fib and breakout on the falling wedge. First target would be at 1.837 if it breaks there would be the second target at 1.886 this would be a trade for a couple weeks even months to reach the second target. also it can bounce back at 1.837, 1.837 is a strong s/r level from the weekly chart. all the blue lines you see on my chart are key s/r levels from the weekly timeframe.