The GBP/AUD pair is showing a high-potential reversal setup on the daily chart! Here's why this could be your next big trade:
🔥 Channel Support in Action The price is testing the lower boundary of a strong ascending channel, a proven support zone that has triggered multiple bullish moves in the past.
💡 Key Levels to Watch
Support Zone: 1.97107 - A major bounce zone. Bullish Target: 2.03137 - Potential for an explosive 500+ pip move! 📊 Indicators Align for a Bounce With price at critical support, a reversal toward the channel’s resistance is highly probable.
⚠️ Risk Management Stop-loss just below 1.96876 keeps your trade safe while offering an excellent risk-to-reward ratio!
🎯 Trade Smart, Ride the Wave! The GBP/AUD is poised for a big move—don’t miss this opportunity to capitalize on the market’s momentum!