GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.88033, 1.88845, 1.89492.
Key Support Levels: 1.86966, 1.85741, 1.84420.
The price on the higher time frame failed to break the 1.85741 AUD mark and reversed to the upside. A series of bullish candlestick has been posted showing that the buyers are in control and huge amount of buy orders has been executed. Further movement to the upside could be seen in the coming hours.
HOT/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price posted a double bottom formation which led to a reversal and a breakout to the upside of the bearish channel. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 1.87026
TP 1 @ 1.87990
TP 2 @ 1.88845
Stop Loss @ 1.86680
Trade Safely 🙂