GBB/AUD - November 25, 2023.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.