GBPAUD possible Long opportunity!

31 gen 2019

Hello traders! In the last month and a half the GBPAUD has created a Bullish trendline. The price of the GBPAUD is getting close to this trendline again, and so we should expect a bounce up from this trendline, when the price gets there. The Long situation is even better because the RSI is Oversold and MACD is dropping down and it might be forming a cross. In this trade I would suggest placing your stop under the last lowest level of trend continuation and placing limit order below the resistance area, that I have shown on the chart. I wish you the best of luck with your trading :) .