Note: GBP/AUD follows our prediction last week. We remain bullish on this pair.
There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long
2. Wait the price pullback to support zone and bullish signal to long
3. If the price breaks the immediate resistance line at 1.715x, wait for weak pullback to the resistance line and bullish signal to long!
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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.