FX:GBPAUD   British Pound / Australian Dollar
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1
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..

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