GBPAUD Bullish
Bias Bullish
Fundamental Analysis
GBP having strong datas. AUD is still fighting with inflation, no plans to make changes, but data are turning bearish. Leading towards a Bullish bias
Price Action:
Price retrace back to H4 support level. Price rejected from that level and formed a double bottom pattern in H1 TF. Price broke and closed above the H1 resistance level. Price is likely to move higher in a long term.
Set up:
Long Set up at broken Neckline.
SL below double bottom pattern.
TP targeting next swing high H4/Daily resistance level.
R:R 1:3
Fundamental Analysis
GBP having strong datas. AUD is still fighting with inflation, no plans to make changes, but data are turning bearish. Leading towards a Bullish bias
Price Action:
Price retrace back to H4 support level. Price rejected from that level and formed a double bottom pattern in H1 TF. Price broke and closed above the H1 resistance level. Price is likely to move higher in a long term.
Set up:
Long Set up at broken Neckline.
SL below double bottom pattern.
TP targeting next swing high H4/Daily resistance level.
R:R 1:3
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