GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.8906, 1.8955, 1.8986
Key Support Levels: 1.8818, 1.8701, 1.8640
The price on the higher time frame has been in an uptrend for some time after it tested a support level of 1.8258 and started a bullish momentum. The pair has tested a level of 1.8803 which suggests trend continuation.
GBP/AUD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.8640 and 1.8701 and sustained above that. As of now the pair has broken and retested a minor level of 1.8818 before continuing the momentum.
Buy Stop Order @ 1.88497
TP @ 1.88990
Stop Loss @ 1.88144
Trade Safely 🙂
hello Pat hru i’v been testing fractal strategy on 100 period on 5min time frame without any other indecator that is working for me for wile i took all fractal signals with 1 to 1.5 risk to reward ratio can you confirm it or make it some how better
Thank you for your insightful advice. I feel more comfortable with it in trading.
No, this trade never triggered and was cancelled.