Possible Trade on GBPAUD (Long). Swing
Possible long at 1.96
Confluences at:
0.618 Fib and 50-60 EMA daily
1.96 Daily Support + Support daily long term down sloping trendline.
Stochastic RSI = Oversold
Wednesday Sympathy play with NZD Interest rate meeting catalyst (Expected CUT).
We could see deceleration through
Wednesday and then bounce. Wait for deceleration and price action pattern.
Confluences at:
0.618 Fib and 50-60 EMA daily
1.96 Daily Support + Support daily long term down sloping trendline.
Stochastic RSI = Oversold
Wednesday Sympathy play with NZD Interest rate meeting catalyst (Expected CUT).
We could see deceleration through
Wednesday and then bounce. Wait for deceleration and price action pattern.
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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.