The price of GBP/AUD is approaching a double trendline that will either send it back or will be an opportunity to get LONG.
Ideally we will see a break of this resistance and a return to it to test for support.
If we get that we can go LONG from 1.8800 area.
With GBP/AUD currently only just above the monthly 23.6 Fib level at 1.8159,should we move higher, it could be the start of an appreciable move with massive risk reward.
Ideally we will see a break of this resistance and a return to it to test for support.
If we get that we can go LONG from 1.8800 area.
With GBP/AUD currently only just above the monthly 23.6 Fib level at 1.8159,should we move higher, it could be the start of an appreciable move with massive risk reward.