The GBP/AUD pair is showing a high-potential reversal setup on the daily chart! Here's why this could be your next big trade:
🔥 Channel Support in Action The price is testing the lower boundary of a strong ascending channel, a proven support zone that has triggered multiple bullish moves in the past.
💡 Key Levels to Watch
Support Zone: 1.97107 - A major bounce zone. Bullish Target: 2.03137 - Potential for an explosive 500+ pip move! 📊 Indicators Align for a Bounce With price at critical support, a reversal toward the channel’s resistance is highly probable.
⚠️ Risk Management Stop-loss just below 1.96876 keeps your trade safe while offering an excellent risk-to-reward ratio!
🎯 Trade Smart, Ride the Wave! The GBP/AUD is poised for a big move—don’t miss this opportunity to capitalize on the market’s momentum!
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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.