KarYong

GBPAUD - A 'V' Shape Pattern

Long
FX:GBPAUD   Sterlina / Dollaro australiano
Price made a 'V' bounce from the low at 1.7282, with a strong bullish impulse.

Should price retraces back towards the 1.7468 region, we shall be looking for a decent buy opportunity targeting 1.7698 and 1.7840 area.

*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.

The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.

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