GBP/AUD SHORT TERM LONG TRADE IDEA – 15 minute chart
British Pound/Australian Dollar FX:GBPAUD
I’m looking for a pullback since there was a big impulse move to the upside, my white (8)is positioned well above the green (21) and is well into positive territory.
looking for pullback to the 21and possible a little lower to the top of the previous to test as support floor. if this test positive and see rejection then the (which is currently going down) should curl up and it will be time to enter a buy as long as the 8 doesn’t cross back under the 21 .