GBP/AUD DOUBLE SUPPORT REVERSAL LONG
The pair is in the free fall for several days, and in the downtrend for 1,5 months. Looking broadly, however, it is trading in a massive upward channel.
And now the price has reached an intersection of a horizontal support area and the support line of the upward channel.
It is therefore reasonable to expect a pullback, that would stop the fall and keep the pair within the channel. RSI is super oversold too, which is another bullish indicator in favor of the potential reversal.
The pullback target is the local resistance area in red.
Guys, like subscribe and comment! Every effort is appreciated!
Wish you all the best of luck in your trading!
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
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.