GBPAUD 815 pip Long Play

8 thg 4, 2015

This pair has been in an ascending channel for some time now. Recently we had a bounce off the 61.8 retracement with a sold follow through. Price then got rejected from the CTL drawn. This is the 4th bounce off of this line, as outlined. I am looking for a break of this trend line and further continuation to the highs at 2.00 and then the fib extension at 2.04s.