Hi, newbie here.
This idea just for sharing, not an advice.
For a current days, GBPAUD try to goes up but it can go any longer. The down pressure more strong I think.
And now, price in very strong support level. But it's not clearly broke.
I will waiting for make sure the price can broke this level or not.
On 1day and 1week timeframe, bearish still in control.
I guess, price can broke this level. Price will try to retest above the level but when show strong rejection near waiting box I already drawn, In my oppinion it will broke this level and go down to 1.769
Thankyou for your time!
Wish good trade on this week! cheers!
This idea just for sharing, not an advice.
For a current days, GBPAUD try to goes up but it can go any longer. The down pressure more strong I think.
And now, price in very strong support level. But it's not clearly broke.
I will waiting for make sure the price can broke this level or not.
On 1day and 1week timeframe, bearish still in control.
I guess, price can broke this level. Price will try to retest above the level but when show strong rejection near waiting box I already drawn, In my oppinion it will broke this level and go down to 1.769
Thankyou for your time!
Wish good trade on this week! cheers!