GbpAud is approaching area of resistance at 1.79595. After seeing that sellers quit at a smaller timeframe it is reasonable to open a buy.
Risk/Reward: 1.54 (However thare are big chances for the up trend).
Risk/Reward: 1.54 (However thare are big chances for the up trend).
Comment:
Be ready to open the trade soon.
Comment:
We expected reversal earlier and as you can see the seller can still hold the market down. A reason for seeing this as a buy is MADC that starts to going sideways, which means an opportunity for reversal, slowing down of the downtrend.
Order cancelled:
Sellers are strong we do not recommend looking at this as a buy.
