GBPAUD W7 OUTLOOK
Feb 16: Hammer formation on weekly suggesting bullish first half of the week.
Massive bullish engulfing daily closure on Thursday and Friday closure shows bullish continuation
4H throwing wicks to the upside with last 4H closing as shooting star.
Possible retest of 4H Support at 1.9377 area (61.8% retracement of 4H fib) before moving higher to complete 4H fib at 1.9500 level.
Possible wick test of the weekly liquidity wick (1.9530 level) expected
Also there is a 4H long term fib (Colored in RED at play)
4H up fib will also complete the 61% retracement of longterm daily down fib (BOLD BLACK FIB)
Massive bullish engulfing daily closure on Thursday and Friday closure shows bullish continuation
4H throwing wicks to the upside with last 4H closing as shooting star.
Possible retest of 4H Support at 1.9377 area (61.8% retracement of 4H fib) before moving higher to complete 4H fib at 1.9500 level.
Possible wick test of the weekly liquidity wick (1.9530 level) expected
Also there is a 4H long term fib (Colored in RED at play)
4H up fib will also complete the 61% retracement of longterm daily down fib (BOLD BLACK FIB)
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