GBPAUD playing bounce??!
GBPAUD - Daily Timeframe
Nice bit of divergence showing on the RSI and could be a nice little pip run as long as it meets further confluences.
Key area to watch is around the green zone where it has been support and resistance which was 2nd July 2019.
It has not broke past this, within the channel. It may want to keep bouncing like a tennis ball in Wimbledon.
Nice one to watch to see how it plays out and maybe catch some pips using further confirmations from the 4 hour candle.
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
Nice bit of divergence showing on the RSI and could be a nice little pip run as long as it meets further confluences.
Key area to watch is around the green zone where it has been support and resistance which was 2nd July 2019.
It has not broke past this, within the channel. It may want to keep bouncing like a tennis ball in Wimbledon.
Nice one to watch to see how it plays out and maybe catch some pips using further confirmations from the 4 hour candle.
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
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