GBPAUD : LONG TRADE SETUP 500 PIPS( LONG TERM/SWING TRADE SETUP)

Early hours of sunday,we see ga created a huge spike to the upside which reversed sharply and created a nice opportunity for a short. At the moment, ga is on a pullback phase which is currently holding the resistance zone at 1.9 level( now support, as price broke it and retested).

I expect ga to go higher from here, towards 2.04 level but we would see what price does at the 61.80 and 50% level. Price might take a while before hitting the final TP at 23% fib level

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You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.

Goodluck !