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GBPAUD - Long
British Pound / Australian Dollar
Long
GBPAUD - Long
By thetraveltrader
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Jul 7, 2020
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Jul 7, 2020
Hey Traders,
GA has now developed nicely with a decent RR opportunity pending having rejected Weekly/Monthly Ascending TL & Weekly Demand (High Value Area)
The Daily time frame is noticeably overextended and has now printed a Double Bottom indicating a potential reversal.
With some nice bullish price action today we can now see the intraday momentum has shifted presenting us with an opportunity to take this long.
Looking for a Wave 3 continuation as part of my RBO (reversal strategy).
Stay alert around 1.8000 for a potential retest.
Upside Targets at 1.8250 & 1.8500
Trade safe : )
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thetraveltrader
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