GBPAUD indicating that it wants to go up
Hi all,
On the GBPAUD we can see three double bottoms over the last few days.
This is a clear indication that the bears have run out of steam and that prices will go up to previous structure.
For me, this structure is around the 1.923 area and maybe higher, up to 1.96.
Entries can be placed anywhere between the current market price and the 1.885 area.
Best of luck!
On the GBPAUD we can see three double bottoms over the last few days.
This is a clear indication that the bears have run out of steam and that prices will go up to previous structure.
For me, this structure is around the 1.923 area and maybe higher, up to 1.96.
Entries can be placed anywhere between the current market price and the 1.885 area.
Best of luck!
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