GBP/AUD Expect Further Upside
Chart: Monthly Time Frame
Market: Bullish Trend
GBP/AUD is stuck in a descending channel (evident on the daily chart) but is likely to break it & resume its overall
bullish trend in the coming weeks. With a inverted deliberation pattern found on the monthly chart & prices rejecting key support
levels we're likely to see GBPAUD close this month with a bullish engulfing pattern and reach previous structure high of 2.21800.
Note: Keep an eye out for a pullback at trendline resistance level found on the daily chart before going long.
Market: Bullish Trend
GBP/AUD is stuck in a descending channel (evident on the daily chart) but is likely to break it & resume its overall
bullish trend in the coming weeks. With a inverted deliberation pattern found on the monthly chart & prices rejecting key support
levels we're likely to see GBPAUD close this month with a bullish engulfing pattern and reach previous structure high of 2.21800.
Note: Keep an eye out for a pullback at trendline resistance level found on the daily chart before going long.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.