GBPAUD - LONG
Updated
1M
Last month’s was a huge bullish candle, breaking through a key monthly resistance area and rejecting another weekly area. Three white Soldiers formed alongside EMA crossing to the upside.
1W
Looks like a little bit of consolidation around the 1.82500 level. Last week the price dropped down to test this level and rejected it with a long wick. If this week closes above this level a 3 pin formation pattern will form. EMA pointing to the upside also while price has formed a higher high.
1D
Price on the daily chart has tried to drop below the 1.82500 twice but has been given support by the rising EMA and also the support level of 1.81662. Both attempts soon followed bullish momentum to take price back above the key weekly level.
4H
Price has broken CTL followed by an EMA cross over. The price has stalled a little bit due to resistance level of 1.83353. We could see a possible 3 pin formation form as the EMA are supporting the price upwards. My Key fib zones have been hit.
Last month’s was a huge bullish candle, breaking through a key monthly resistance area and rejecting another weekly area. Three white Soldiers formed alongside EMA crossing to the upside.
1W
Looks like a little bit of consolidation around the 1.82500 level. Last week the price dropped down to test this level and rejected it with a long wick. If this week closes above this level a 3 pin formation pattern will form. EMA pointing to the upside also while price has formed a higher high.
1D
Price on the daily chart has tried to drop below the 1.82500 twice but has been given support by the rising EMA and also the support level of 1.81662. Both attempts soon followed bullish momentum to take price back above the key weekly level.
4H
Price has broken CTL followed by an EMA cross over. The price has stalled a little bit due to resistance level of 1.83353. We could see a possible 3 pin formation form as the EMA are supporting the price upwards. My Key fib zones have been hit.
Note
Stop loss move above break even, all risk removed
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