GBPAUD 240 IDEA
IS IT A BULLISH PULLBACK BEFORE THE BEARS TAKE CHARGE?
> Price is got rejected at 1.75500, which is currently a support area
> If price breaks above 1.76300 and creates a level of support
> I anticipate price tab 1.76700 which is an area of resistance
> If 1.6700 is broken i anticipate price to retest 1.77000 before continuing bearish
> Sell limit around 1.77100 with stops above 1.77720
> Price is got rejected at 1.75500, which is currently a support area
> If price breaks above 1.76300 and creates a level of support
> I anticipate price tab 1.76700 which is an area of resistance
> If 1.6700 is broken i anticipate price to retest 1.77000 before continuing bearish
> Sell limit around 1.77100 with stops above 1.77720
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