Forex Analysis For Today

GBP/aud

The Forex Mechanics want you to see what is going on with this currency pair and It’s probability of Continuing Northward

Looking at the Daily Time Frame Chart, we see that the price broke 1.79098 level of Resistance to the North. This Level had earlier served as Support level before.  ( Take Note Of The Arrows)

What The Forex Mechanics Think  

We think the price will go further North but we have to place our Buy Stop on 1Hour Time Frame 

Having hit support at 1.79959

Entry at:          1.80584

Take Profit:     1.81671

This is about 109 pips

We are placing the B.S as soon as the market opens in this part of the world That is about 2 hours’ time

Behold we are not recommending this for you to trade 

Love and Peace