GbpAud has rallied to the downside for weeks now without any major moves to the upside. it is now entering an accumulation phase as price is ranging in between 1.8586 and 1.84924. for this reason i am not interested in this pair until i see a break and of this range, i will say that i would prefer to see a break to the upside as it would provide a better risk to reward seeing that Gbpaud is already so overextended to the downside.
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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.