GBPAUD retracement to maybe short!!
with the daily closure rejecting the weekly and monthy. and the overall weekly and monthly price action clearly recommending a bearish trend continuation after liquidation, bears are in control, well overall.
then again price does not move in a a straight line, thus retracements and pullbacks
in this case, i would anticipate a pullback possible to the point which wold invalidate a bear trend on intraday basis ie 1.8224 ish area. rejecting that level would confirm bearish continuation to the next monthly support 1.8090, and evenutally 1.8 and more
then again price does not move in a a straight line, thus retracements and pullbacks
in this case, i would anticipate a pullback possible to the point which wold invalidate a bear trend on intraday basis ie 1.8224 ish area. rejecting that level would confirm bearish continuation to the next monthly support 1.8090, and evenutally 1.8 and more
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