GBPAUD struggling to break above 1.7500 area, retest and rebounded away from 1.7340 support area for x6 times. I am expecting some further upside for this pair.
Reason :
- Strong weekly support at 1.7340 area.
- Double Spinning Top candlestick on Weekly chart, first a bearish one, second a bullish one.
- Signalling an upside.
- Potential to reach next resistance points :
Entry point Long : 1.7450 or any pullback between 1.7400 area ; TP1 : 1.7600, TP2 : 1.7650 ; SL below weekly support area.
Risk Reward 1:1.5
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong weekly support at 1.7340 area.
- Double Spinning Top candlestick on Weekly chart, first a bearish one, second a bullish one.
- Signalling an upside.
- Potential to reach next resistance points :
Entry point Long : 1.7450 or any pullback between 1.7400 area ; TP1 : 1.7600, TP2 : 1.7650 ; SL below weekly support area.
Risk Reward 1:1.5
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active:
Entered LONG @ 1.7405, currently holding 45pips+
Trade closed: stop reached:
SL hitted due to strengthen Aussie, looking for another BUY entry around 1.7295 area.