Profound_Ambition

GBPAUD Daily Trend Reversal??

Long
FX:GBPAUD   British Pound / Australian Dollar
Price was making lower lows & lower highs, but after multiple rejections to supply zone (Blue Rectangle), we see price push back to the upside & breaking though its downtrend line. Will expect a break of 1.64 resistance level & retest to indicate if this may be a trend reversal or possible false breakout. Looks like a solid long term opportunity will watch price action heavily next week! If we see higher highs & lows form, I will be adding positions when the pullbacks on the way up are complete. :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.