GBP/AUD longs

15 lip 2021

This pair is certainly bullish, there's no doubt about that, with the GBP beginning to pick up the pace and show strength recently. The higher timeframes are screaming bullish also, the lower timeframes are doing the same. Price is creating higher highs on the M15 and M30 timeframe. I want to swing my positions up to 1.86XXX, I may hold over the weekend if my target is not met before the market closes tomorrow. On the left hand side, we can see that price has been stuck in a range between 1.84970 - 1.61000. I expect this range to continue being respected and I will enter this trade once price retraces to the downside of this range. R:R 1:2.5.