Due to last weeks rejection candle, I expect a rally upward at the start of this session but am biased for short on GBPAUD, looks like a good consolidation period, if we get a good rejection at the upper fib level there is potential for short to 1.720000.
KEY levels:
1.8000000- Massive resistance lvl with doubletop
1.793000 - Fib lvl with possible downtrend continuation zone; EP for short position
1.780000- First real support lvl if we continue the downtrend
1.720000- Massive support
News heavy week, i will be expecting massive moves on this pair this week
KEY levels:
1.8000000- Massive resistance lvl with doubletop
1.793000 - Fib lvl with possible downtrend continuation zone; EP for short position
1.780000- First real support lvl if we continue the downtrend
1.720000- Massive support
News heavy week, i will be expecting massive moves on this pair this week