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1 HOUR Slow market conditions right now, waiting for clear breaks.
4 HOUR Sideways moving market with a very low pressure indicating some strong price action shortly.
DAILY Very bearish market running towards previous lows and support.
OVERALL Theres a few good scenarios but price should push once again towards previous lows and take out all long holders with stops below that level. Afterwards we should see a push back to the upside. Good luck
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@DACapitalTrading, bearish trendline , since the 20th of june GBP/AUD have two HL (4hr) ,, every time we are near HL there is sell pressure , the most possible scenario is testing previous HL around 1.7850 and going down but it all depend how the market will react (Buyers vs sellers )
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@ZiedDhibi, Alright thank you for sharing with us all the best :)