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Bollinger Bands Trade!
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GBP/AUD- Bolinger Bands confirm's bullish trend!
Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget ,Bolinger Bands,EMA:3,5,13,21,50,100,200.
Current Level : 1.8551
GBP/AUD after encounter a strong bearish retracement that took almost all the month of October ,continued the rise of the bullish trend for more than 2000 pips until 24 January when it formed a new resistance zone at 1.9193 from where it comence a bearish retracement.
As the pattern analysis widget detected , the pair is in a channel up pattern of 83% quality & 100% magni…