GBPAUD Bears Running out of steam?
Looking at the daily chart for this pair, there seems to be a push by the bulls to start another rally upwards to the resistance line.
RSI & Stochastics indicate oversold territory bottoming out, signalling that we could see a potential move up.
Eventhough the uncertainty around the election this still looks like a great trade set up based on the action of the last candle and the current candle.
Using Ichi Moku we see that the uptrend is still in play with the candles not being able to go anywhere near the cloud.
RSI & Stochastics indicate oversold territory bottoming out, signalling that we could see a potential move up.
Eventhough the uncertainty around the election this still looks like a great trade set up based on the action of the last candle and the current candle.
Using Ichi Moku we see that the uptrend is still in play with the candles not being able to go anywhere near the cloud.
Trade active:
Trade active as of 30/5
Stop loss: 1.71842
Take Profit: 1.75700
Stop loss: 1.71842
Take Profit: 1.75700