GBP/AUD: bullish channel flagGreat Britain Pound/Australian Dollar formed a new bearish trend line, but that trend line was broken and now, break out to the upside like bull are taking the trend now.
So guys, in the previously analysis, I predict very well that GBP/AUD will drop and pass it but also don't touch my target at $0.7514 AUD for just 2 pips of distance in my broker and in the early today GBP/AUD made a big candlestick green, it's a bullish signal and also read the technical analsysi, we break out the bearish trend line formed. Right now, I decide to closed up my trade with some pips, in my previously analysis, I send you a message that I entry around $1.7662 aud Aprox. to short this par. Also, we are in the key reaction zone that as this bearish trend line was broken, this reaction zone could to fall and make a manipulation zone what I feel in this par to the upside
Look very carefully my key points in this par. But it's supposed that we need to continue drop, but in H1 there're some difference in this timeframe about the price action and new chartist pattern formed.
I entry in the market price now of this confirmation of this break out and SL to $1.7583 AUD and I has 2 target to take in note. The first target it's $1.7723 AUD and $1.7822 AUD to reach them.
I hope that this; analysis support you. This it's my new update of GBP/AUD and my next perspective in my mind!!!
Good luck!!!
