GBPAUD Daily Retracement
Price is in an uptrend on the weekly TF, and is making HHs and HLs.
We could possibly see a bounce off the bottom trend line which is confluent with the 61.8 fib retracement area and a continuation of the uptrend.
This move is invalidated by a clean break of the bottom TL followed by a breach of previous HL.
Long on a break of the retracement CTL.
We could possibly see a bounce off the bottom trend line which is confluent with the 61.8 fib retracement area and a continuation of the uptrend.
This move is invalidated by a clean break of the bottom TL followed by a breach of previous HL.
Long on a break of the retracement CTL.
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