Possible Trade on GBPAUD (Long). Swing
Possible long at 1.96
Confluences at:
0.618 Fib and 50-60 EMA daily
1.96 Daily Support + Support daily long term down sloping trendline.
Stochastic RSI = Oversold
Wednesday Sympathy play with NZD Interest rate meeting catalyst (Expected CUT).
We could see deceleration through
Wednesday and then bounce. Wait for deceleration and price action pattern.
Confluences at:
0.618 Fib and 50-60 EMA daily
1.96 Daily Support + Support daily long term down sloping trendline.
Stochastic RSI = Oversold
Wednesday Sympathy play with NZD Interest rate meeting catalyst (Expected CUT).
We could see deceleration through
Wednesday and then bounce. Wait for deceleration and price action pattern.
