GBPAUD: Price Action & Trading Plan For Today

10 มิ.ย. 2020

morning guys!

after a sharp, long lasted fall, GBPAUD has finally found strong support.

the price not only managed to stop rallying but, moreover, it has easily violated the last lower high level,
setting a new higher high and establishing a local bullish trend on 1H.

now the price is consolidating in a local horizontal range.

if you want to catch a bullish continuation, the best option is to wait for a bullish breakout of 1.833 level (1H candle close above).
then you can buy on a pullback or aggressively, aiming at 1.8445 (based on 4h/1h structure)


if the market violates the range to the downside, setup will be invalid.