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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.9218, 1.9320, 1.9527

Key Support Levels: 1.9015, 1.8944, 1.8828

Daily Time-frame:

In the higher time frame, We have been watching this pair closely. The pair has shown good strength lately and successfully broke the resistance zone. As of now, Price retested the previous resistance zone and bounced back from there. Price has sustained above the resistance zone and it confirms the bullish trend.

GBP/AUD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, We saw some consolidation after a good bullish move. Price was moving in an ascending channel and recently it broke the upper channel and has retested as well. We expect a clear upward move with good protection from the downside.

Signal Idea:

Buy Limit Order @ 1.9095

TP 1 @ 1.9212

TP 2 @ 1.9299

Stop Loss @ 1.9018

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

3 comments

  1. Hello im new in vip i like to ask about TP 1 and TP 2 do i need to close partially each time hit TP or ??

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