GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.9034, 1.9107, 1.9154
Key Support Levels: 1.8868, 1.8836, 1.8747
Daily Time frame:
The price on the higher time frame is in a strong uptrend and we see a pennant breakout pattern here. Price is holding strongly above the breakout zone that indicating a bullish trend and we may see good momentum after some volume addition.
GBP/AUD Medium-Term Trend: Bullish
1-Hr Time frame:
On the lower time frame, the pair has been in a bullish move and then in a consolidation zone. A break of the upper trendline indicates a continuation in the move. We should expect to see momentum in the price once the chart has breached the price point of 1.8980.
Buy Stop Order @ 1.8965
TP 1 @ 1.9124
TP 2 @ 1.9152
Stop Loss @ 1.8885
Trade Safely 🙂