Forex_

My Thoughts On GBP/AUD

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OANDA:GBPAUD   Libra Esterlina/Dólar Australiano
In my analysis of GBP/AUD, this currency pair is BULLISH on the 1 HOUR CHART. The chart is coming from a TEA CUP pattern just completing the handle and moving upward, making higher highs and higher lows. I forecast price will move to $1.88180. In this analysis I used Chart Patterns, Elliot Wave & Fibonnaci. GBPAUD
Comentário:
Initially, looking at the chart from the TEACUP PATTERN, forecasting price would break the area of resistance. However, Price did not break the area of resistance and reversed moving bearishly.
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