Pressure is on to retest JUL low on GBPAUD
Summary
- More price slide expected through to middle of this month
- Longer term reversal is nearing at 78-82% fib levels
I would be watching for the price to test 1.62355 low and if that is broken, 1.620 (78-82% fibo zone) will be a good entry point for long entry in an anticipation of a reversal after breaking the July low. I would be looking to take profit at 1.7276, giving me 1000+ pips profit potential.
Read more
- More price slide expected through to middle of this month
- Longer term reversal is nearing at 78-82% fib levels
I would be watching for the price to test 1.62355 low and if that is broken, 1.620 (78-82% fibo zone) will be a good entry point for long entry in an anticipation of a reversal after breaking the July low. I would be looking to take profit at 1.7276, giving me 1000+ pips profit potential.
Read more
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.