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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.8060, 1.8089, 1.8197

Key Support Levels: 1.7998, 1.7883, 1.7790

Daily Chart:

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

1-hour Chart:

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.

Signal Idea:

Buy Limit Order @ 1.8002

TP 1 @ 1.8065

TP 2 @ 1.8089

Stop Loss @ 1.7967

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. Clinton Jennings

    Hey Joe I am very interested in your signals

    I have one concern and that is the times that the signals are sent. You see I live in the Caribbean and the times most of your signals are sent is the time I lam asleep.
    I am still interested I will like to know your thoughts on my situation.

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