GBP/AUD Long Setup Shaping Up
The GBP/AUD is currently at a point of interest for us as a potential buy-zone. We're looking at:
1. 61.8% retracement of the original move
2. previous Demand area
3. Stochastic looking to cross back from oversold reading
4. trading at the 100 SMA
5. Potential Bullish Engulfing Pattern
1. 61.8% retracement of the original move
2. previous Demand area
3. Stochastic looking to cross back from oversold reading
4. trading at the 100 SMA
5. Potential Bullish Engulfing Pattern
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