Josebaptista23_

GBPAUD Retracement Before Bullish move

FOREXCOM:GBPAUD   British Pound / Australian Dollar
So price wicked above a major area of resistance but failed to close above it which indicates that the bulls did not have enough momentum to break above it before the weekend. Which indicates to me that we can anticipate some sort of retracement before another impulse move towards the upside. I am anticipating price to retrace to 1.81834 area if we get a close below 1.83200. If not that then I still see price retracing to the 1.83200 area to fill in the imbalance retest an order block zone & re test an area of resistance. Before heading towards the upside which my target would be 1.85000 area, simply because it's an order block zone price has also wicked there multiple times in the past. Again this is just What I am anticipating. Let's see how it plays out.
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