Rounded Bottom Pullback on GBPAUD
Updated
We saw GBPAUD form a rounded bottom on the H4 timeframe, which is usually a bullish reversal sign after a sustained drop.
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
Could we see a pullback to 1.802 then a continuation to the target area at 1.825?
Once for the radar
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
Could we see a pullback to 1.802 then a continuation to the target area at 1.825?
Once for the radar
Trade closed: target reached
GBP was too strong and we barely saw any pullbacks and it went straight to target
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