GBP/AUD Trading Analysis (05/06/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy at the breach of 2.0886.
- Stop-loss at 2.0834.
- Price targets are 2.0937 and 2.0965.
#gbpaud #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
