GoldTrader012

GBPAUD OUTLOOK FOR THE WEEK

Short
GoldTrader012 Updated   
FX:GBPAUD   British Pound / Australian Dollar
This is my first public analysis so I may not be 100%

I see a total of 4 confirmations across the Daily, 4Hour, 1Hour and 15Min timeframes. All of these timeframes except the daily timeframe are showing a breakout+retest. This means that price broke out of its original trend and is now retesting before continuing in the new direction.

On the daily timeframe, I see that price is starting to reverse from the resistance zone.

Overall, I feel like price will come down to the support zone 1.73280
Trade closed: target reached:
We nearly there. There will be many more trades to profit from.
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