The currency pair GBP/AUD formed a Bottom for the current Month at 1.71792. Our STS_ATR_Distance_Indicator shows that since the beginning of the Month we have passed 92% of the Monthly ATR (Average Monthly Movement for the last 6 months). STS_RSI_MTF_Indicator shows range values between 70 and 30 on all Timeframes. The price gravitates between 200 and 500 EMA and forms a side movement (Range).
The Monthly High is at 1.78569. We expect the price to break the current range in upward direction, so we loaded our STS_RSI_Breakout_Bot to open a long position when the RSI reaches a value of 70 or higher. The target is the area of about 500 EMA or about 200 pips. Stop loss of the position will be if the RSI falls to a value of 30.
Get your STS_RSI_Breakout_Bot now: https://smarttradingsoftware.com/en/expert-advisors/prd/rsi-breakout-bot/
Get your STS_RSI_MTF_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/sts-rsi-mtf-indicator/
Get your STS_ATR_Distance_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/atr-distance-indicator/
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