GBPAUD - Potential Break and Retest
I have been monitoring this pair for a while now for confirmation that it's bullish trend is over.
Here we see price has broken the current support level which it has held for a week now. The cause being a positive result for AUD on this mornings RBA interest rate decision.
GBP has shown strength at the start of the london session, I hope we will now see a reversal at the retest zone, for which I will await a bearish confirmation candle to confirm a break and retest of the prior support, and a continuation downward.
Let's see how this plays out! ONLY if we see a solid rejection here will I be interested in shorting this pair. If so, I will look to target the 1.87 psychological level which appears to be an area of prior resistance-turned-support.
Here we see price has broken the current support level which it has held for a week now. The cause being a positive result for AUD on this mornings RBA interest rate decision.
GBP has shown strength at the start of the london session, I hope we will now see a reversal at the retest zone, for which I will await a bearish confirmation candle to confirm a break and retest of the prior support, and a continuation downward.
Let's see how this plays out! ONLY if we see a solid rejection here will I be interested in shorting this pair. If so, I will look to target the 1.87 psychological level which appears to be an area of prior resistance-turned-support.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.