Potential long on the GBPAUD. Stoch is oversold, RSI is also in an over sold position, we have also hit minor support at 2.08803 from the previous low. For another strong move we will be monitoring the RSI, waiting for it to breakthrough resistance, if so then we draw a horizontal support line where the break occurs then Short the GBPAUD until the RSI breaks back...
Price Action, channel, supply & demand and MACD resistance. Example of using different techniques once one has finished. Price action is a fantastic tool.
This pair has been providing some really good text book trades of late. Im going to be keeping an eye of this pair this week for potential pull back entries.
