There's a smaller cup and handle pattern that resulted in the big boost that GBP/AUD had yesterday, I've spotted an even bigger one that engulfs the original pattern and it's due to breakout any time soon. I'm currently expecting a retracement to 50%-61.8% Fib levels(Handle) then a big push to 1.71719, a bit of struggle and a possible small retracement then a break through all the way to 1.78026. I'll keep you posted
Komentarz:
Handles forming really well
Komentarz:
Price retraced at 23.6% Fib, we can still get it on this trade when it breaks resistance, watch out for my next chart
Komentarz:
could be a small retracement before continuing down trend to 38.2%, could catch a couple of pips depending on the next candlestick
Komentarz:
Not quite the handle I was expecting but price has broken 1.71719, let's see where the candlestick closes.
Komentarz:
Price pulled back and hit my buy order, I'm now long
Komentarz:
1.73658 is a place to look out for
