GBP/AUD mark: 1.76861
Forecast:
1. Below the top of the descending longitudinal line (top of the channel): Sell
TP: bottom of the channel
SL: 20 pips above the top of the channel
2. Breaking above the top of the channel or at the bottom of the channel: Buy
TP: 20 pips bellow the top of the channel or 20 pips below of the bottom line
H4 Key points:
Top Resistance: moving tops of the channel
Support: Fibonacci 61.8%) around 1.7624
Stochastic: at the bottom and preparing to go upside
Forecast:
1. Below the top of the descending longitudinal line (top of the channel): Sell
TP: bottom of the channel
SL: 20 pips above the top of the channel
2. Breaking above the top of the channel or at the bottom of the channel: Buy
TP: 20 pips bellow the top of the channel or 20 pips below of the bottom line
H4 Key points:
Top Resistance: moving tops of the channel
Support: Fibonacci 61.8%) around 1.7624
Stochastic: at the bottom and preparing to go upside