Hi there fellow traders! My view on GBPAUD is bearish, I believe the market is creating Lower-Lows & Lower-Highs, which can also qualify as a 5 wave Elliot pattern. Looking closely at the 4H chart, we may have a achieved a broken trend line with a possible re-test as Resistance. GBPAUD can go as low as hitting our (support) trend line (this may be as our second target). Good luck.
Trade active:
It is important to protect your profit since the market is running into a major resistance.
It is important to protect your profit since the market is running into a major resistance.
Comment:
Support, not Resistance.
Trade active:
Target achieved, price may still go as low as hitting our support trendline.