GBP/AUD Daily Update (03/12/16)
Updated
3 Scenario that can play out...
I am more inclined to the 1st or 2nd one base on trench analysis.
The reason why 1st scenario is not so supported because of the decline in volume.
2nd scenario gives us a "buy low" entry which is better.
Key Resistance
- 1.76
Key Support
- 1.7
- 1.67
I am more inclined to the 1st or 2nd one base on trench analysis.
The reason why 1st scenario is not so supported because of the decline in volume.
2nd scenario gives us a "buy low" entry which is better.
Key Resistance
- 1.76
Key Support
- 1.7
- 1.67
Note
+172 pips on the sell side for 2nd scenario.SL @ BE , prepare to close and change side.
Trade closed: target reached
+86 pips close manually
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.