GBP/AUD, DAY CHART, LONG (2-JAN-2017)
Note:
GBP/AUD follows our prediction last week.
We remain bullish on this pair.
There are 3 trading plans for this pair:
1. Wait for the potential breakout trade.
When the price breaks the immediate resistance line,
wait for weak pullback and bullish signal to long
2. A strong bullish signal bounce from the 20-EMA line,
a good signal to long now. Can long now with little
risk involved.
3. If the price correction to 1.69x level again,
we can accumulate our buy as well.
GBP/AUD follows our prediction last week.
We remain bullish on this pair.
There are 3 trading plans for this pair:
1. Wait for the potential breakout trade.
When the price breaks the immediate resistance line,
wait for weak pullback and bullish signal to long
2. A strong bullish signal bounce from the 20-EMA line,
a good signal to long now. Can long now with little
risk involved.
3. If the price correction to 1.69x level again,
we can accumulate our buy as well.
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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.
Related publications
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.