As we earlier discussed, GBPAUD is trading within a wide horizontal trading range on a daily.
1.7787 - 1.789 is its resistance.
1.717 - 1.727 is its support.
Approaching an upper boundary of the range, the price started to coil and formed one more range.
To short GBPAUD watch 1.7567 - 1.764 horizontal support.
Wait for a daily candle close below that as your trigger to open a position.
Then a bearish continuation will be expected to the support of the range.
Alternatively, if the price breaks the upper boundary of the range,
the setup will be invalid and a bullish continuation will be expected.
โค๏ธIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!โค๏ธ
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ