38.2 Fib of the long wave, trend line and channel support. Possibility for a move to the upside around the channel resistance level.
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pathaniasourabh
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Stoploss & Target ????
ErfanParvini
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Oh, sorry I forgot to put that in there. Well, obviously your stops will somewhere below the 38.2 around 2.032 level, and you can split your target in 2. Taking one half at 2.088 level and the other half at around 2.106 level. Good Luck!
pathaniasourabh
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Thanks for your replay, one more question you are taking a long postion in gbp/aud pair & short position in gbp/nzd pair, what's the reason beyond thing,,,,
ErfanParvini
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Well, first these are not necessarily my positions, they are just ideas. Secondly, GBP/AUD and GBP/NZD are two independent currency pairs with different behaviors. If one is going down, it does not necessarily mean the other one will go down too. For example, right now if you look at GBP/CHF is trending down, but GBP/AUD is trending up.