GBPAUD Thesis
- Weekly: Structure for GA is still bearish. However last weeks candle closed as a strong hammer after rejection off 1.7650 support zone signalling buyers could push GA highers.
- Daily: Rejection off 1.8000 resistance zone also forming double top confirming area of consolidation (range) between 1.8000 - 1.7650. Next possible target 1.7650.
- 4hr: If 1.8000 holds then could see a sell off to bottom of range (1.7650).
Trade active
Down we go!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.