🔸Hello traders, let's review the 4hour chart for GBPAUD today. Strong V-shape recovery in progress, however also expecting a decent/normal pullback once we hit the strong overhead resistances.
🔸Heavy overhead resistances will trigger a pullback. Resistances set at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level below at 9265 will be likely targeted by the bears in the pullback mode.
🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips final TP exit at 9550. swing trade setup, time required to hit both targets. good luck traders!
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