There is an oppotunity for bullish momentum for GBPAUD.
Price is at a support zone (1.80271), where price has held at this zone on 3 previous occasions.
I believe that we could see history repeat itself self and should the support zone hold, we could see bullish movement up towards the 1.8300 regions.
Before entering a long trade, I will seek strong bullish rejection at this level (4H closed bullish candles)
GBP has been rather volatile recently, as well as AUD strength. Therefore, this trade should be taken knowing that fundamentals could come into play and cause unexpected movements.
Price is at a support zone (1.80271), where price has held at this zone on 3 previous occasions.
I believe that we could see history repeat itself self and should the support zone hold, we could see bullish movement up towards the 1.8300 regions.
Before entering a long trade, I will seek strong bullish rejection at this level (4H closed bullish candles)
GBP has been rather volatile recently, as well as AUD strength. Therefore, this trade should be taken knowing that fundamentals could come into play and cause unexpected movements.