Now I'm both long and short with the GBPAUD . I took partial profit at 1.9363 and closed two short positions. At the same time I entered long with the . I expect the bulls will drive up the price because of the following:
(1) price went down extreme, but eventually a lot of buyers stepped in producing a very large wick.
(2) there was no strong follow up after that . this tells me that the bears are still there.
(3) The bears have tried to counter the previous . But if you look closely, initally they failed.
Now I have a pattern on my radar which lines up with my desired selling zone to scale in short.