After the recent meltdown of GBPAUD into the lows of 1.74 on DECEMBER 11,2020. GBPAUD is starting to recover and setting up for a rally soon to occur.
Looking at the charts, We can easily notice recent lows formed on Daily timeframe such as 1.74340 and1.75620 {marked with black broken lines}. This gives an indication of possible buys coming in soon. We should also note that there are couple of sell walls along the way to the top of 1.82900.
For the weeks ahead, GBPAUD could rally into 1.82900 and probably get as high as 1.8500....
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Looking at the charts, We can easily notice recent lows formed on Daily timeframe such as 1.74340 and1.75620 {marked with black broken lines}. This gives an indication of possible buys coming in soon. We should also note that there are couple of sell walls along the way to the top of 1.82900.
For the weeks ahead, GBPAUD could rally into 1.82900 and probably get as high as 1.8500....
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Trade closed: target reached
