Its monday, new day and a new week, so looking at a new pair GBPAUD .
The big out look is that we have been bullish for a while in this weekly channel. Recent times have seen a sharp rise on this pair. Price currently sits quite high in this top range. I have a couple of ideas for trades on this pair. If we get a little push back we could get a nice long position off the demand level below. Or if we continue higher then we can look for price exhaustion at the resistance zone higher above for a short position off the double top . Certainly one to watch going forward. Will look back to GA in a few days to see where we are. Have a good week everyone
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Nice analysis, I’ll be taking a look at this pair today or tomorrow.
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I think it’ll test that Demand zone again and possibly create that double top for a Sell , we’ll wait and see
I think it’ll keep rising in the short term, may enter a buy at some point…
Still respecting the upward trend and think it will reach the upper levels before the pullback and retrace to you trend line then back in for long term buy!
did you trade this in the end? didnt quite come down to your area but had a small retracement before continuing up
Lovely little spike for the buyers today…
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Wow what a spike really but hard rejected. 