theselfishtrader

GBPAUD - Trend continuation or breakout higher?

FX_IDC:GBPAUD   British Pound / Australian Dollar
Price recently broke to the downside to test 1.599, causing a double bottom on the daily timeframe , and formed a very strong bullish candle.
Price is back within the range and testing the 61.8% Fib
I consider price to be at an interesting level. Should this area hold, I will look to hop on to the trend down, looking for new lows.
If there is a breakout higher, I will look to get long on a retest.
A bit non-committal from me, but price is at a turning point.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out