GBP/AUD Trade Idea

Hello and welcome to my Trade Idea of the currency pair GBP/AUD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in very strong bullish trend with nice up and down waves.

Weekly: Weekly is very strong bullish too. Because of that strong trend a bearish engulfing occurs at the 16.12.2019 included a huge bearish candle.

Daily: The price breaks a bullish trendline and breaks a bearish trendline but the bearish trendline is closer to the current situation that's why it's more important.

H4: The price breaks out of the counter trendline and that's why my view is long for this currency pair. The bullish daily trendline is also still intact.


Have a nice day.