GBP/AUD New Bullish Impulse? by ThinkingAntsOk
🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is facing the Ascending Trendline.
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🔸 It showed some rejection signals at the current zone.
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🔸 We observe that the last downside impulse was very pronounced, however, price is on an uptrend. Higher highs and higher lows can be spotted. In case the Trendline can not hold, then the Support Zone would be the first Target of the downside move.
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🔸 Will look for lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸 Price is facing the Ascending Trendline.
.
🔸 It showed some rejection signals at the current zone.
.
🔸 We observe that the last downside impulse was very pronounced, however, price is on an uptrend. Higher highs and higher lows can be spotted. In case the Trendline can not hold, then the Support Zone would be the first Target of the downside move.
.
🔸 Will look for lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
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