GBPAUD - Sell Opportunity
Updated
The price is about to hit a resistance, which previously acted as a support trend-line (also its half-way the BB band, where rejections theoretically occur). Once the rejection is confirmed you may execute the Sell Order. Hopefully it will reach Fibonacci Retracement level 38.2 - 50
On the Fundamental side tomorrow (GMT+5), we got a hold in Australia Interest Rate at 1.5 like the past 3 years. And before that, we got a positive forecast on UK PMI (which will indicate an expansion) and the Brexit Indicative Votes; which might led the trend to take bullish movements before rejection.
On the Fundamental side tomorrow (GMT+5), we got a hold in Australia Interest Rate at 1.5 like the past 3 years. And before that, we got a positive forecast on UK PMI (which will indicate an expansion) and the Brexit Indicative Votes; which might led the trend to take bullish movements before rejection.
Trade active
Trade closed: target reached
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