GBP/AUD Potential Upward Movement

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 🙂