low risk, short term trade for gbpaud

2018년 10월 7일

RSI on the 1hr is very oversold, due for a correction to the trendline support. See if buyers will push price further up to 1.868 R1. If drop is sharp, next target is around 1.84, a psychological, fib & horizontal support.
Take note that rsi is also oversold on the 4hr.

Personally will exit the trade for 200 pips when target 2 reached, since gbp pairs can be volatile in view of brexit. But aud crossovers seem to favour the aud gaining strength next week.