RealistFX

GBPAUD - LONGS LOOK GOOD

Long
FX:GBPAUD   British Pound / Australian Dollar
Again, about the confluences. If you don't have confidence in a trade, how do you expect to hold it?

So lets count them:

Bullish Market Structure (MS) with the Ascending channel creating higher highs and lows
Daily Support
61.8% Fib on the most recent swing
200 EMA
800 EMA (not often these 2 are together)
Key Psychological number (1.80)
Fundamentals also support a stronger pound and weaker Auzzie this week.

1;14 RR!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.