GBPAUD which way

[bax699]

Its monday, new day and a new week, so looking at a new pair GBPAUD .
The big out look is that we have been bullish for a while in this weekly channel. Recent times have seen a sharp rise on this pair. Price currently sits quite high in this top range. I have a couple of ideas for trades on this pair. If we get a little push back we could get a nice long position off the demand level below. Or if we continue higher then we can look for price exhaustion at the resistance zone higher above for a short position off the double top . Certainly one to watch going forward. Will look back to GA in a few days to see where we are. Have a good week everyone

 

[Jim B]

I’ll keep your advice in mind while looking at this pair, cheers.

 

[RachelFX]

Don't like the look of GA right now, will check back when I do my mid week analysis and see if it has shifted into a better position.

 

[AdamCantor]

Its monday, new day and a new week, so looking at a new pair GBPAUD .
The big out look is that we have been bullish for a while in this weekly channel. Recent times have seen a sharp rise on this pair. Price currently sits quite high in this top range. I have a couple of ideas for trades on this pair. If we get a little push back we could get a nice long position off the demand level below. Or if we continue higher then we can look for price exhaustion at the resistance zone higher above for a short position off the double top . Certainly one to watch going forward. Will look back to GA in a few days to see where we are. Have a good week everyoneView attachment 274728

nice analysis mate. i think we will see this continue a gradual climb

 

[Jungletrader]

I think it’ll test that Demand zone again and possibly create that double top for a Sell , we’ll wait and see

 

[DT5]

Thanks for the analysis, aligns with my thinking too....

 

[Farm Yard Forex]

Could go either way as you say and I genuinely have no inclination as to which way yet. Will wait for more movement for sure!

 

[walpants]

did you trade this in the end? didnt quite come down to your area but had a small retracement before continuing up