GBPAUD - BEARISH POSSIBILITY- Price closed under the resistence area which indicate a high chance of bearish reaction to the resistence zone
- We can observe that price been following an uptrend line, a breakout will add up as confirmation to the bearish possibitlity
- A retest can be seen as price confirming respect towards the resistence area and the trend breakout as well. It can also be seen as a great entry zone for it put your trades in a great risk/ reward ratio of 2.5 but you can also wait for price rejection as a stronger bearish confirmation.
*Educational purpose only