GBPAUD / H1 / Daily Forex Technical Analysis / 8.27.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is August 27th, 2019 and we will be taking a look at the British Pound against the Australian Dollar. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.81 region. If price action can hold at this level and not flip bullish by regaining this area as support we will look for an entry short. Entry for a Short position near the 1.81755 area, with a Stop Loss near the 1.82425 region, and a target profit level area of 1.80004 to possibly ensure a profitable trade with a 2.61 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!