OANDA:GBPAUD   British Pound / Australian Dollar
GBP/AUD May rise 100+pips
Insight: Price moving in an ascending channel just below resistance at 2.0355 Price is likely to continue upwards and hit resistance before reversing to support at 2.0163

Intraday - 4H
Trade: Buy
Entry
Buy or Above 2.0259
Target TP: 2.0355 & 2.0646
Pivot and Support 2.0163

Alternative scenario:

Trade: Sell
Buy or Above: 2.0163
Target TP: 2.0044 & 1.9948

Comments

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