GBP/AUD LONG
1M
We have been seeing strong bullish momentum in previous months. Last Month the EMA crossed to the upside for the first time since mid-2016. The bulls reach a key level of 1.85000, which was rejected.
1W
Last week we closed with a strong bullish engulfing taking out the previous shooting star, which closed above a key support level. EMA also pointed to the upside.
1D
Evening star formed which was held by the EMA support line, which strongly followed by an inverted hammer. EMA pointing to the upside and helping support the price action.
4H
Key fib zone hit, while lining up close to a weekly support. CTL broken, followed by the EMA crossing to the upside. The key resistance level was tested by the last candle stick, if the next candle stick closes above this level we should be in a good run for a long.
We have been seeing strong bullish momentum in previous months. Last Month the EMA crossed to the upside for the first time since mid-2016. The bulls reach a key level of 1.85000, which was rejected.
1W
Last week we closed with a strong bullish engulfing taking out the previous shooting star, which closed above a key support level. EMA also pointed to the upside.
1D
Evening star formed which was held by the EMA support line, which strongly followed by an inverted hammer. EMA pointing to the upside and helping support the price action.
4H
Key fib zone hit, while lining up close to a weekly support. CTL broken, followed by the EMA crossing to the upside. The key resistance level was tested by the last candle stick, if the next candle stick closes above this level we should be in a good run for a long.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.