GBPAUD WEEKLY OUTLOOK
GBPAUD had comback into a strong supply zone on the weekly timeframe the black horizontal ray line indicates the resistance that has been tested or is going to test again before a move lower on the pair the zone is more powerful as the 50% fib is in the zone. I will only enter the position once I have confirmation of reversal on the my trading time frame which is the 4 hour looking for a revesal candlestick / chart pattern to enter at the resistance marked on the chart if it carrys on higher will change my bias on the pair for a leg higher to the next supply zone.
Disclaimer
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.