Search This Blog

Tuesday, May 5, 2026

Buy GBP/AUD at retest broken trendline.

Buy GBP/AUD at retest broken trendline.

Due to Trumps tweet earlier the AUD made some big gains but I think now it's been over played with the risk around the Iran war. The GBP/AUD I believe has swept the recent lows and retested a broken trendline from a couple of weeks ago. Now seems a good time to buy with stop under recent lows in March.

Buy Now : 1.8750 retest broken trendline

Stop : 1.8637 under recent low

Profit : 1.9145 new minor high

Risk 1 : 3.5 / stop is 113 pips



source https://www.tradingview.com/chart/GBPAUD/tsmNL1As-Buy-GBP-AUD-at-retest-broken-trendline/

No comments: