I see GBPAUD in a long standing uptrend, I say this because despite the 5th wave being over and sellers readily available, we still tapped Support 3 times previously on Feb. 5-7 and broke out to the now Weekly Resistance 1 which is at 1.94, I believe we could possible retest the Monthly Resistance at 1.97430, and from there it is possible that we could see a wave extension. I also see AUDUSD bouncing off of my 4HR trend, if we reject and fall we should see somewhat of a pump along these lines.
Trade closed: target reached
Rebounded off .382 fib level. Took profit, looking at short on ABC corrective wave.
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.
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.