forexTrdr
Long

forexTrdr GBPAUD - MULTIPLE TAPS ON ASCENDING TRENDLINE HIGHER

FX:GBPAUD   British Pound / Australian Dollar
Morning traders

We have a clean simple trade setup on long British Pound versus Australian dollar with an ascending trendline holding after multiple taps since the start of July following a Bullish Engulfing line on the daily at end of month.

Additionally we have an ascending support on RSI and a crossover on Stochastics pointing to the support line once again holding and the pattern continuing towards high 1.80 area as the higher high and higher low pattern continues.

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