GBPAUD has broken formation of HHs and HLs in the daily.
Currently, it lays below the broken support.
It is highly possible to retest it but it may retest the broken ascending trendline, too.
On 1-D Timeframe the moves are big.
In the retracement scenario, Fib levels will be applied to observe. Pound usually reacts to 0.5 or 0.618.
Target the former strong consolidation-demand zone.
GL!
Currently, it lays below the broken support.
It is highly possible to retest it but it may retest the broken ascending trendline, too.
On 1-D Timeframe the moves are big.
In the retracement scenario, Fib levels will be applied to observe. Pound usually reacts to 0.5 or 0.618.
Target the former strong consolidation-demand zone.
GL!
Trade active:
+170 pips - sl to entry