GBPAUD Analysis

16 Şub 2022

Bias is bearish on GA. Expecting price to fall to to 1.88000 for my 1st overall TP. I have multiple confluences on this trade . Price broke daily structure taking out the lows then created a pull back to my fibonacci retracement level(61.8) and is creating a lower high. We also have a Doji daily candlestick followed by a shooting star daily candlestick. I think price will break through 1.18800 and hit targets of 1.86700 but be aware that 1.88000 has held firm as support if you look on 4hr/daily Time frame.