DZ at 1.6800 area , Let us see if the price will reach this zone.
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Price bounced from 1.6940 (DZ @ 240 min) and broke the first SZ @1.6995 and created DZ at the same area. Let us watch the price when it retest the DZ, it will be good idea to enter the trade.
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Price failed to break the sz at 1.6995. Watching the price.
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Still bearish, LH and LL.
Trade with care
Comments
649bruno
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Very nice chart. The work I do suggests that selling in GBPAUD will get stronger in the near term. Forward projections are still bearish. Thank you for your work. Don.