GBP/AUD Melting

GbpAud has been well performing in the previous week by seeing a 200+ pip movement in the previous weeks before. But now the bullish rally seems to loose strength by failing to form new structure highs and instead form a rising wedge pattern that indicates a downward move. By the way the movement has began and we can see the first leg printed.

I will be looking for entry opportunities after the retreacement  bounce at the .382 where price will be at 1.83298.

This is a swing trade and hopefully will hold for few days to come .

>JOIN OUR COMMUNITY GROUPS FOR DAILY ANALYSIS AND IF YOU WISH TO TAKE YOUR TRADING TO THE NEXT LEVEL THEN HIT THE MEMBERSHIP TAB AND GRAB YOUR OFFER NOW

Sharing Is Caring
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
avatar
  Subscribe  
Notify of