GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.80257, 1.80657, 1.81000.
Key Support Levels: 1.79873, 1.79545, 1.79267.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a higher low which represents the double bottom formation. The market is moving to the upside and most probably will continue in the coming hours.
GBP/AUD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.79873
Target Profit 1 @ 1.80257
Target Profit 2 @ 1.80657
Stop Loss @ 1.79489
Trade Safely 🙂