GBPAUD: creating a strong Buying Opportunity

2 มิ.ย. 2020GBPAUD is staying in its long term trend-line which is also the 50% Fibo level (1.835 Level). RSI is also giving over sold signal.

GBPAUD in next few days is expecting t gain some momentum to for a Pull up at 1.885 level.

Signal: Bullish as the price is near the Higher Lows Zone of the pattern.

Used Analytical Tools:
a) Fibonacci
b) Trend Line
c) RSI

2 มิ.ย. 2020

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GBPAUD is in approaching and consolidating at its long term trend line. Lets not get panicked with any false breakout. Either way, lot size of the trade must be taken comparing to one`s balance and assess the risk accordingly.