LONG TO 1.7800

Thank you very much for reading and collaborating. In this pair we are observing a very important pressure due to the war between Russia and Ukraine, which caused a downward movement of the GBP and an upward movement of the AUD. The first, because it is a NATO member and is close to the conflict zone, the second, because of the revaluation of refuge assets, which are the engine of development in the Oceanic country. We saw a spectacular drop of 9.25% accumulated until today, since the downward movement launched on January 28, for which I expect a retracement of no less than 4%. As additional information, we can observe the last great support in January 2021 at the 1.7428 area. Because of all this, I personally entered long looking first for the TP at 1.7800 at the first small resistance and the second TP at 1.8397. Comment if you like this idea.