FX:GBPAUD   British Pound / Australian Dollar
Here we have a strong descending channel on the 4H. GA has already touched the upper and lower channel twice, so we are awaiting for 3 touches from the top and bottom. I have 4 confluences for my strike zone of 1.805. The 3rd touch of the upper TL, 78 Fib, Psychological level on 1.80500, S&R highlighted in blue (which also matched 78 Fib)

...Possibly can go down to 0.7250 and beyond..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.