benjaminhay

GBPAUD long opportunity, 5R

Long
benjaminhay Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
After the price retested the daily support, it rebound and broke the bearish market structure
Now the price is ranging, GBP has been gaining some strength lately and on the other hand AUD is still weakening

The ideal entry should be a retest on the support of the range to enter long

retail sentiment is switching a bit from bullish to bearish
Comment:
no retest of the bottom of the range but, a breakout that confirm the up trend
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