British Pound / Australian Dollar

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British Pound / Australian Dollar forum


GBPAUD shorting this . retesting strong support if she breaks we should be clear
Snapshot

GBPAUD It is trading in a
Local uptrend and the pair
Made a local correction
Of the horizontal support
Level of 2.0634 so we can
Enter a long trade from 2.0610 with the
Take Profit of 2.0724 and
The Stop Loss of 2.0575
Wish you good luck guys..

GBPAUD i would wait for close above this guy at 0649 for extra confirmation . then wait for retest to confirm continuation
Snapshot

GBPAUD Look at the weekly candles. This week ended in a "dragonfly". Is this a bullish sign? Usually, a dragonfly in a down trend signals a bullish reversal. But what about in an uptrend?



GBP/AUD 4-Hour Timeframe Analysis

GBP/AUD has shown signs of losing momentum from its previous bullish trend, with price action consolidating within a range. We have identified key levels to watch, including a major key resistance at 2.06200 and a major key support at 2.03000. Additionally, a minor key support level at 2.05400 serves as a short-term pivot point for potential price movements.

If price breaks above the major resistance at 2.06200, we anticipate a continuation of the bullish trend toward the next minor key resistance at 2.09400. However, if price retraces and breaks below 2.05400, sellers could push the pair lower toward the major key support at 2.03000.
Snapshot