GBPAUD shorts
I do not have a setup or an entry but overall hypothesis is short.
Here is why;
- The monthly is bearish since it has formed a lower low setup.
- The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565.
- No weekly bias
- Price on the daily and 4h timeframe is looking for a region where it will collect orders to push price down.
- I believe that price will close below 1.8700 psychological level where it will collect orders before going short.
Here is why;
- The monthly is bearish since it has formed a lower low setup.
- The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565.
- No weekly bias
- Price on the daily and 4h timeframe is looking for a region where it will collect orders to push price down.
- I believe that price will close below 1.8700 psychological level where it will collect orders before going short.
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