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GBPAUD longs
British Pound / Australian Dollar
Long
GBPAUD longs
By kingmwenja
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Updated
May 27
1
May 27
Weekly;
Price closed with an extremely bullish candlestick and broke a major weekly demand area
I expect more buys this coming week
Daily;
Price has closed above 1.92 daily region and I expect a retest in this new weekly cycle before we head upwards
My targets are 1.9290 which is the next daily region
4 hour;
Price has formed a bullish pattern
However, currently I cannot see a good spot to capitalize on longs since I do not have a well defined entry region
Sitting on my hands as i wait to see what the week unfolds
May 27
Note
I believe that price is waiting for AUD high impact news (retail sales) before we see any form of momentum.
Major long regions are 1.9170 and 1.9125
Chart Patterns
GBPAUD
gbpaudanalysis
gbpaudlong
Trend Analysis
kingmwenja
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