After a steep decline caused by the bears ,GBPAUD seems as though there's Bulls looking to take a stance on this volatile cross currency pair .
For confirmation sake ,Daily closures are favoring the bulls as the trendline starting from 26 April High had been broken ,as well as the key zone of 1.76000 having a Bullish Range Engulfing candlestick (12 June ), Today's (13 June) candle closure showed significant rejection of this key zone furthermore favoring the bulls ...and just to top it off ,if one who often visits the weekly chart for some added confluence you will see how this zone (1.76000) was held.
With all that been said ,the question is where too next? ...well its pretty obvious ,the next zone of 1.7900 is one for consideration .
"Incidia's Trigger Move"
MARK =Demand zone (Support)
SET =Bullish Engulfing /Long-Tailed Candlestick(S)
GO = 1.79000 (Target)
Enjoy!
For confirmation sake ,Daily closures are favoring the bulls as the trendline starting from 26 April High had been broken ,as well as the key zone of 1.76000 having a Bullish Range Engulfing candlestick (12 June ), Today's (13 June) candle closure showed significant rejection of this key zone furthermore favoring the bulls ...and just to top it off ,if one who often visits the weekly chart for some added confluence you will see how this zone (1.76000) was held.
With all that been said ,the question is where too next? ...well its pretty obvious ,the next zone of 1.7900 is one for consideration .
"Incidia's Trigger Move"
MARK =Demand zone (Support)
SET =Bullish Engulfing /Long-Tailed Candlestick(S)
GO = 1.79000 (Target)
Enjoy!
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FEW PIP'S LEFT UNTIL TARGET!!!
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DONE!!!!