GBPAUD - ( 4hrs VIP Trade 365 PIP )

❗️Name : GBP / AUD
🕒Time Frame : 4hrs Chart
(📉Direction : Short )
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➕ : WHY IS GBPAUD GOING DOWN?
GBPAUD broke weekly down channel
Likely to rise to resistance level 1.9265
GBPAUD currency pair recently broke the resistance trendline of the weekly down channel from last September.
The breakout of this this down channel accelerated the active intermediate impulse wave (3).
Given the strong Swiss franc sales seen across the FX markets today, USDCHF can be expected to rise further to the next resistance level 1.9265 (which has been reversing the price from October).
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🏳️Bearish Break
1.92130 Area
Reasons

- Major Turn level/ D
- Golden Fib Zone
- M / high Retset
- Volume Range Hvn
- 3 Bounce Trend

🏳️Bullish Reversal
1.089030 - 1.85900 Area
Reasons

- M / low + Prev W / low
- Choch Area + EQLS
- Major Trend line
- Volume Range Hvn
- Turn point

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💵VIP TRADE