GBPAUD Long
Long continuation on GBPAUD. Looks like it wants to continue to rise and the trend line has been holding well so far. Let's see how this goes
Note
Price just need to clear this resistance, shouldn't be difficult. Seeing some nice bearish exhaustion on RSI and MACD crossover on the 1hr, so the low time frame signals are there. Once the resistance is broken, it should be on its way upNote
That resistance is proving to be more difficult than I thought. AUD is dropping as expected which is why the EURAUD trade is working out right now, problem is GBP is still very bearish and dragging down this pair. Hopefully the trend line will still hold it upNote
Looks like crap right now, not gonna lie. Still got a little bit of room before stop loss gets triggered but not liking the looks of it right nowTrade closed: stop reached
Trade active
Price is back up above the trend line now after the fake-out
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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.