GBPAUD longs

27 thg 5

Weekly;

• Price closed with an extremely bullish candlestick and broke a major weekly demand area
  
• I expect more buys this coming week
  

Daily;

• Price has closed above 1.92 daily region and I expect a retest in this new weekly cycle before we head upwards
  
• My targets are 1.9290 which is the next daily region
  

4 hour;

• Price has formed a bullish pattern
  
• However, currently I cannot see a good spot to capitalize on longs since I do not have a well defined entry region
  
• Sitting on my hands as i wait to see what the week unfolds
  

27 thg 5

Ghi chú

I believe that price is waiting for AUD high impact news (retail sales) before we see any form of momentum.
Major long regions are 1.9170 and 1.9125