GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.84200, 1.84366, 1.84961.

Key Support Levels: 1.83667, 1.83306, 1.83072.

1-Hr Chart:

The price on the higher time frame found support around the 1.82937 AUD mark where the market posted a double bottom which led to a reversal and a move higher. We can see that the coin posted higher lows which shows that we are in a clear uptrend.

GBP/AUD Medium-Term Trend: Bullish

15-Mins Chart:

On the lower time frame, the price found buyers around the 50 % Fibonacci retracement level after managing to break the bearish channel to the upside. A lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.83471

TP 1 @ 1.84198

TP 2 @ 1.84366

Stop Loss @ 1.83210

Trade Safely 🙂