GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.8060, 1.8089, 1.8197
Key Support Levels: 1.7998, 1.7883, 1.7790
The price on the higher time frame was in a clear downtrend before posting a double bottom near the strong support around the 1.7790 USD level. The market changed direction and now it is trending to the upside.
GBP/AUD Medium-Term Trend: Bullish
On the 1-hr time frame, the price is trading above the resistance at 1.7998 USD mark where we expect a sideways movement before rallying all the way up toward the target profit.
Buy Limit Order @ 1.8002
TP 1 @ 1.8065
TP 2 @ 1.8089
Stop Loss @ 1.7967
Trade Safely 🙂