GBP/AUD Bullish On All Fronts

GBP/AUD Technical Analysis

• Double top spotted
• Move up is expected
• Breakout is possible
• M H3 is the target

1. Double top point 1
2. Double top point 2
3. Entry
4. Target

The GBP/AUD is bullish. We can spot marubozu candles which are obvious is the Daily timeframe. As long as marubozu candles keep the momentum up, we can expect further continuation to the upside. Double top is there, if it breaks we go for the M H3 as the target. The overnight entry is doing good, almost 100 pips in profit. GBP/AUD is both European and Asian-Pacific cross so it has huge ATR and great momentum. This is all bullish and the breakout might be expected soon especially due to this obvious emerging inverted SHS pattern.

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Cheers and safe trading,

Nenad