FX:GBPAUD British Pound/Australian Dollar
Back in February, price broke through the strong support . Despite a continued , the final days of April have pulled back in an aggressive manner. Price has pulled into an area with 3 confluences that could offer a reversal in price. First, and most importantly, price has retested the once supported . Second, we see a horizontal with multiple touches in the past. Finally, price rests at a 38.2% of the impulse leg that broke support. Eyes will be on price action looking for a short position to present itself. Trade what you see.