low risk, short term trade for gbpaud
RSI on the 1hr is very oversold, due for a correction to the trendline support. See if buyers will push price further up to 1.868 R1. If drop is sharp, next target is around 1.84, a psychological, fib & horizontal support.
Take note that rsi is also oversold on the 4hr.
Personally will exit the trade for 200 pips when target 2 reached, since gbp pairs can be volatile in view of brexit. But aud crossovers seem to favour the aud gaining strength next week.
Take note that rsi is also oversold on the 4hr.
Personally will exit the trade for 200 pips when target 2 reached, since gbp pairs can be volatile in view of brexit. But aud crossovers seem to favour the aud gaining strength next week.
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