GBPAUD is at the top of the 4 month Channel Up.
This, along with the 1day RSI hitting the Falling Resistance, calls for a sell to the Channel's bottom.
Best to sell though after the 1.89690 low breaks and target 1.8700.
A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April.
On that occasion, buy and target 2.02000.
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Best to sell though after the 1.89690 low breaks and target 1.8700.
A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April.
On that occasion, buy and target 2.02000.
Follow us, like the idea and leave a comment below!!
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