GBPAUD Swing Trade

4 Oca 2020

GBPAUD Daily chart . Nice and simple set up here, we can see from the market bottoming out back in August a huge rally of over +11% and price now testing the ascending trend line once again. Price consolidating slightly atm. (expected during time of the year) Will be keeping an eye on this when market opens as in a favourable position for longs. If trendline is broke ive highlighted potential pull back zone. Stochastic is also indicating price entering oversold territory. Highlighted 1st target, final target are at yearly highs.