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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.7749, 1.7871, 1.7935

Key Support Levels: 1.7519, 1.7404, 1.7248

Daily Time-frame:

The price on the higher time frame has been in a downtrend and recently we saw a pullback. The pair then traded between a small range of 1.7592 and 1.7390 for some time. As of now, that range has been broken to the upside which indicates a trend reversal.

GBP/AUD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has been in an uptrend for quite some time. The price formed a range between 1.7592 and 1.7430 and we see that the price has broken the upper range. There was small consolidation at that level before the price picked up momentum.

Signal Idea:

Buy Limit Order @ 1.7631

TP 1 @ 1.7743

TP 2 @ 1.7855

Stop Loss @ 1.7519

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.

2 comments

  1. What does buy limit order triggered mean

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