GBP/AUD Idea

10 mag 2017

Haven't made any updates on this pair in a while.. We've seen an extremely strong bullish push on GBP pairs, and especially this one, in the last few weeks. I'm surprised there hasn't been any significant pullback yet.. Regardless I'm anticipating either a push towards the first box or the second box (use lower time frames such as 4-hour and 2-hour to see when the market will start establishing higher highs and higher lows.. and the latter (higher TFs) will follow suit)... Then, a break past the long-term descending trendline towards extension-based targets.