Week 28 - GBPAUD: Bullish
Structure is bullish even though price made a bearish candle on Friday. There are 2 congestion area supporting the price:
1) 1.6866
2) 1.6773
I am bullish as long as these 2 levels hold. Therefore I will be looking to look for long at either of these 2 levels, the lower the better.
First level of resistance, 1.716 and if broken, can go up to 1.7336.
1) 1.6866
2) 1.6773
I am bullish as long as these 2 levels hold. Therefore I will be looking to look for long at either of these 2 levels, the lower the better.
First level of resistance, 1.716 and if broken, can go up to 1.7336.
Comment:
Good area to enter long BUT Price Action is bearish at this moment. Price can even go down to 1.6688. Look to enter only if there is a bullish signal.
Comment:
Price indeed went to 1.6688 but PA is very bearish. Shall stay at sideline to watch.