GBP/AUD OPPORTUNITIES

POTENTIAL OPPORTUNITIES ON GBP/AUD:

In the chart, we can see 4 opportunities presenting at different price zones. This means all set-ups vary depending on which price zone we are trading at. We are still however in an uptrend still until we take out 1.850

SETUP (A) - Long positions can be considered at this price zone as a double bottom formation will form. We may get multiple tests of this price and some consolidation before moving up.

POTENTIAL BUY ENTRIES & TARGETS:
ENTRY - 1.85369
STOPS - 1.82636 (270 PIPS)
TARGET - 1.90 (560 PIPS)

SETUP (B) - Sell positions would be favorable if price shows signs of consolidation and stronger bearish power such as bearish pin bars or engulfing candlesticks.

POTEINTAL SELL ENTRIES & TARGETS
ENTRY - 1.952
STOPS - 1.9636 (115 PIPS)
TARGET - 1.9087 (430 PIPS)

SETUP (C) - Sell positions would be ideal since a head and shoulder formation would have formed.

POTEINTAL SELL ENTRIES & TARGETS:
ENTRIES - 1.90867
STOPS - 1.91880 (100 PIPS)
TARGET - 1.85319 (550 PIPS)


SETUP (D) - At this price, we have observed much uncertainty, until buyers take control of the market. We think this pattern will repeat again.

POTEINTAL BUY ENTRIES & TARGETS
ENTRIES - 1.80742
STOPS - 1.79276 (146 PIPS)
TARGET - 1.8538 (460 PIPS)



DISCLAIMER: TRADE AT YOUR OWN RISK. THIS IS AN IDEA.