Forex

GBP/AUD V Shape Bullish Pattern Formed at M H3 Pivot

September 18, 2018

2 min read

tarantula fx

Head of Trading

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GBP/AUD V Shape Bullish Pattern Formed at M H3 Pivot

Hi traders,

The GBP/AUD has formed a Bullish V shape configuration straight at M H3 pivot point.

The price needs to stay above ascending trend line and M H3 pivot in order to remain bullish so we might see rejections from 1.8220 zone. Only a break below a V shape bottom might initiate a new wave of sellers for a deeper retracement. Close above 1.8300 should provide a continuation of a bullish bounce towards 1.8430 and eventually 1.8640 during next 3 days or next week should the price remain under bulls’ control.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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