I am a bull on GBPAUD
Price opened at MPP is currently heading downwards toward MS1 which coincides with a a previous support level. 21 is below 55 and 5 is below 8. These MAs are currently flat indicating that the market is in a range. Stochs is entering oversold zone . I am looking to enter either at MS1 or MS2 when stochs comes up above 20% line.
Price opened at WM3 and is currently at WS1. 5 is below 8 and 21 is below 55. Stochs is oversold. I am waiting to go long when Price comes up from oversold. The profit taking target is at WR1 but I expect some resistance at WPP/MM2 confluence
Price opened at DM2. 21 is below 55 but 5 just crossed above 8. Stochastic is up and I am entering long with a profit target of DM4/MM2 confluence or a conservative DR1/WM2 confluence.