Technical Analysis



GBPAUD is in daily uptrend and currently trading at MR2. I'm expecting a short term buy towards daily resistance level, that could potentially form into double top for bears.


On H4, price is trading in a narrow range. I'd be looking to enter somewhere between 50%-61.8% level in confluence with H4 support and WM2 as my entry zone. Alternatively, for a conservative approach, I'd wait for price to break and close above trendline as breakout confirmation with profit target at daily resistance level.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.