AUD over GBP
Things are not looking good here, find a reason for short in coming days.
GBP has fallen with an impulse wave from a rising channel, doesn't look like it is going back inside again easily.
short term traders can find a good 120/150 pip movement when GA going back to retest the breakout
Look for price action in between 1.78 -1.7815 for a buy side entry for targets of 1.786/1.7885/1.7905/1.795
in best case can retest 1.8 levels as well.
will update the entry levels and SL Later.
GBP has fallen with an impulse wave from a rising channel, doesn't look like it is going back inside again easily.
short term traders can find a good 120/150 pip movement when GA going back to retest the breakout
Look for price action in between 1.78 -1.7815 for a buy side entry for targets of 1.786/1.7885/1.7905/1.795
in best case can retest 1.8 levels as well.
will update the entry levels and SL Later.
Note
as expected , GBPAUD reached the level of 1.78 and bounced by good 60 pips later falling again with some fresh sell off in AUD. right now i see a good positive divergence is RSI below the 1.78 levels assuming the move is done to eat SL . still no long position . will drop a comment when we initiate the buy
Trade closed: target reached
as expected all the targets were metthe price went till .0618 fib level of the swing fall
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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.