GBP/AUD has risen and retested our trendline which is also a perfect retracement to the 0.786 level. Monitoring price action and would like to see an MA crossover and counter trendline break for further confluence. Opted for the aggressive approach and a TP1 and TP2.
We need to sit tight and see how price action opens on Monday but I believe we are in an uptrend and we have had a pull back to the 0.5 level and have the potential for another push lower before heading up to our target of 1.35.
Daily MAs have crossed to the upside
Short term appears to have HH and HLs to show an uptrend
The 0.618 fib level has been retested which also aligns with the trend line
CTL broken and then retested...