GBPAUD H4 LONG SETUP, 20 MARCH 2022

Price on this chart has been trapped in range trading between 1.8160 which is resistance and 1.7765 acting as support. Price has been rejected at this support level twice indicating that this could possibly be a strong support area. Seeing that price is at the bottom of the range, a bull has the opportunity to buy at support and take price all the way to the top of the range.