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Hello all
Today I will update my prediction for GBP/AUD cross. At this right moment pair mark: 1.1265
As we can see on chart below, this pair will start its expected retracement until first support line.
We can also watch the approximation of the interception of the longitudinal line up with the line of resistance: we call it the moment of decision. If rate breaks upside then will probably reach the area 2.1500 and 2.1700; by the other hand if it breaks longitudinal line then next support 2.10300 and 2.0800.
Pay attention: for H4 time frame Fibo 38.2% retracement is located at 1.1215 and 61% at 2.1135.
Today I will update my prediction for GBP/AUD cross. At this right moment pair mark: 1.1265
As we can see on chart below, this pair will start its expected retracement until first support line.
We can also watch the approximation of the interception of the longitudinal line up with the line of resistance: we call it the moment of decision. If rate breaks upside then will probably reach the area 2.1500 and 2.1700; by the other hand if it breaks longitudinal line then next support 2.10300 and 2.0800.
Pay attention: for H4 time frame Fibo 38.2% retracement is located at 1.1215 and 61% at 2.1135.
