GBP/AUD is the only pair I do trade and pay close attention to so what is happening at current times.
Been Short bias for a long time, but I can't deny when I change in trend is so obvious.
Short bias since the 1.9700 level. Shorted until the 1.9160 level became a strong level of support, watched it get tested multiple times. That support level was once a Daily Resistance Zone at one point 2 weeks ago before the big expansion to 1.9700.
We recently had seen a double top reversal, thinking it was going to go short again, but the neckline failed to break. That support zone was tested multiple times. That was over 12 hours ago since I noticed that.
As much as I do want to short this, we are currently in the big view is in a Bullish Weekly Price Channel at the moment. Long term is going Long.
My custom algorithm lately hasn't been very supportive of shorting on multiple time charts.
So I'm going long on this one. Target points are on the chart. Happy Hunting.