RhysFX
Long

GBP/AUD BUY BIAS (RETEST OF 1.81300)

FX:GBPAUD   British Pound / Australian Dollar
My BIAS for GBP/AUD in the upcoming week will be a BUY.

My reasons behind this are that we had
1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest.
2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300.

I will be looking to enter this trade upon a retest of our Daily Resistance with targets of 1.82500 (120 Pips)

Stops will be around 1.80900 (40 PIPS)
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