gabanig

GBP/AUD trending higher highs

Long
OANDA:GBPAUD   British Pound / Australian Dollar
G/A is poised with elegant lower high and higher high for sometime, and we expecting the trend to continue. We looking for a retracement back to the daily zone at around 1.85643, looking for rejections confirmation on the lower time frames before following the trend to the upper area of the last price high at around 1.86501. This is being said we might have to be very conservative and exit at around 1.86100. The reason being price may retrace all the way back to the weekly zone at around 1.84947 before continuing to make new higher high. As always using proper risk management is a must.

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