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GBPAUD Perfect entry point !!!!!

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FX:GBPAUD   英鎊/澳元
H4
  • Currently testing upward trendline which is the purple trendline
  • Break through the previous downward trendline which is the Pink trendline
  • A support at the bottom of Fibo 0.382 level
  • The candlestick is above the 200SMA trendline that's mean trend might be bullish
  • And 200 SMA can be a support level due to the historical pattern formed
  • MACD begins exhaustion weakness shows by the red histogram is changes to the pink histogram and reducing the bearish momentum

H1
  • The current movement in the upward channel
  • MACD line and Signal line made across under the 0 that might have a trend changes in the future
  • histogram of MACD was standing above the 0 and the histogram are staying dark green that's mean the bullish momentum is still strong

What to do now?
  • Long the market immediately or
  • Waiting for confirmation due to currently is retesting the support zone
  • Please do your own proper risk management
Good Luck to all traders!!!
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