FX:GBPAUD   British Pound / Australian Dollar
Price has respected the long term trend line and has continued to respect the trend . This is a trend continuation play.

Comments

Hi stacks. Fan of your charts! Hust a quick question as I’m a newbie. How do you know it will reflect off the 1.98 resistance and not just break through? On your graphs I notice you normally put a bounce from the resistance and then a break. How do you know this?
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StacksUK Kailas198
@Kailas198, It could break through , however due to confluence such as a long term trendline and short term support meeting , I would expect it to hold . Hope that answers your question
+1 Reply
Kailas198 Kailas198
@StacksUK ye that does thank you so much
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