GBPAUD UPDATE

On the monthly TF price closed with a bearish shooting star formation with a potential wick to fill, price has now removed all the stops above the high of the previous week and has trapped bulls into the market. On the LTF we can identify areas of liquidity with a huge double bottom and Asia session imbalance to fill.

I am waiting patiently for the high of the previous day to get taken out then I will consider looking for short entries at the psychological level 1.82800, IF we get correct confirmations.