GBPAUD Bullish
Bias Bullish
Fundamental Analysis
GBP having strong datas. AUD is still fighting with inflation, no plans to make changes, but data are turning bearish. Leading towards a Bullish bias
Price Action:
Price retrace back to H4 support level. Price rejected from that level and formed a double bottom pattern in H1 TF. Price broke and closed above the H1 resistance level. Price is likely to move higher in a long term.
Set up:
Long Set up at broken Neckline.
SL below double bottom pattern.
TP targeting next swing high H4/Daily resistance level.
R:R 1:3
Fundamental Analysis
GBP having strong datas. AUD is still fighting with inflation, no plans to make changes, but data are turning bearish. Leading towards a Bullish bias
Price Action:
Price retrace back to H4 support level. Price rejected from that level and formed a double bottom pattern in H1 TF. Price broke and closed above the H1 resistance level. Price is likely to move higher in a long term.
Set up:
Long Set up at broken Neckline.
SL below double bottom pattern.
TP targeting next swing high H4/Daily resistance level.
R:R 1:3
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.
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.