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Supports

GbpAud hesitating near big support.After suffering a great decline and lasting a few days consolidating GbpAud finally made some significant movements up, in my case, no operation will be open until knowing its next step since that support there has been quite strong in the last weeks, perhaps it'll retest it again and fail in which situacion I'd go for a sell, but if the 4 hour candle closes above it then it will be a clear indication of a bullish continuation. We'll see what happens.
by patogarcia912
Where we are, where we go... i'm a bear hereTriggered at strong ResistanceH4, i've a short position with target near ResistanceW1 (now support). Synced with the 61.8% level of Fib Extension from A to B, and looking back the structure on daily chart, we can imagine a possible retracement to the 23.6% level of all the move from Support W1 to ResistanceH4. Eventually, breaking ResistanceW1 (now support), it can fall to a larger movement to SupportD1 level with the nearest target close to the 50% extension (something like 50 pips from resistanceW1), last TOP from April 29, and then the fall, if not a false break, to the 61.8% fib retracement. Wishes of profitable trades.
Short
by Andre_Cardoso