GBPAUD
Expecting this move from GBPAUD
GBPAUD is now extremely oversold on all timeframes up to the daily.
Price is almost at the weekly trendline too so I'm expecting a bounce off it.
GBP INDEX is sitting on the .618% fib (daily timeframe) and has made multiple rejections last week so we may see a bounce this week.
AUD INDEX is also oversold and has reached a structure level. It's has broken the trendline (daily timeframe) but hasn't retested it so with it reaching a structure zone and being oversold, I believe this week it will retrace to retest it which will also help GBPAUD on its way up.
GBPAUD has also broken a trendline that went on for 15 months but hasn't retested it yet so if it does go back to retest it, their will be 800pips to make atleast
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Have a great weekend all (:
GBPAUD is now extremely oversold on all timeframes up to the daily.
Price is almost at the weekly trendline too so I'm expecting a bounce off it.
GBP INDEX is sitting on the .618% fib (daily timeframe) and has made multiple rejections last week so we may see a bounce this week.
AUD INDEX is also oversold and has reached a structure level. It's has broken the trendline (daily timeframe) but hasn't retested it so with it reaching a structure zone and being oversold, I believe this week it will retrace to retest it which will also help GBPAUD on its way up.
GBPAUD has also broken a trendline that went on for 15 months but hasn't retested it yet so if it does go back to retest it, their will be 800pips to make atleast
FOLLOW, LIKE & COMMENT FOR MORE QUALITY SETUPS!
Have a great weekend all (:
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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.
FREE DAILY GOLD SIGNALS
let 12 years of experience do the job for you, join the winning team!
t.me/FXSJGOLD1
instagram: fxsjgold
Trading made stress free..
let 12 years of experience do the job for you, join the winning team!
t.me/FXSJGOLD1
instagram: fxsjgold
Trading made stress free..
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.