|

GBP/AUD starts to move up after Re-testing previous breakout level

GBP/AUD Analysis : 

GBP/AUD was moving up and down between the ranges in H1 chart.

Finally, Market breakout the top level of the range and starts to move up.

This confirms the buy trade setup. However, market came down again to Re-test the previous breakout level.

After re-testing the breakout level, GBP/AUD continues to keep moving up more.

Keep Buying GBP/AUD for every retracement to make good profits.

Buy GBP/AUD 1.6945 and 1.6920

Target 1 : 1.7000

Target 2 : 1.7070

Target 3 : 1.7150

Stop Loss : 1.6830

Trade with care.

Thank you.

Author

Forex GDP Team

Forexgdp.com provides forex market signals live to your mobile phone and email. Forexgdp team recommend all traders to follow this rule: “Don’t trade all the time, trade only at Good Opportunities available in the market”.

More from Forex GDP Team
Share:

Editor's Picks

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback. 

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal. 

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.