VasilyPonomarev
Short

GBPAUD Will Retrace! Here is why:

OANDA:GBPAUD   British Pound / Australian Dollar

hey traders,

GBPAUD  still respects the boundaries of the  rising channel  .

on Friday pair has reached 1.87 level.
what is interesting about this level is that
first of all, it matches perfectly with the rising resistance of the channel and
secondly, we see that in the past this level was respected by the market.

following these observations there is a high chance to see a retracement to the rising support of the channel.

Target levels are 1.84 and 1.83

The safest stop is 1.88
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Share your thoughs on GBPAUD here
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nisaqqq VasilyPonomarev
@VasilyPonomarev, hi is this idea still valid?
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