Wefx
RE ANALYSIS GBPAUDAs you can tell my bias has changed on GBPAUD simply because it did not respect the counter trend line like I had expected it to. Now, we're waiting for a break and a retest of the thick black supporting trendline to see out 1:3.5 R/R Short entry.
GBPAUD POTENTIAL LONG.Depending on how this unfolds we could potentially see a huge swing move to the upside. Essentially a break and retest of one of 2 zones, resisting trend line or monthly resistance. I am unsure what is happening fundamentally but this move may not happen at all. After minor top down (basically may have missed something) I can see this moving roughly 8-900 pips up to the next monthly resistance, which may give us a great summer.
This again will take days if not weeks to unfold correctly. This is where our patience is tested most. Swinging to the moon this time.
