GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD.
Hope you had or having a great weekend...so far!
Let's dive into GBPAUD - Technical aspects:
Support: 1.77900, 1.77585, 1.76860, 1.76295
Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580
How to play this trade idea?
Huge move down expected
Price is currently in a weekly ascending channel however i am predicting a huge move down.
If price retests the key area highlighted then i will be entering a short position.
great risk reward set up and stops above the key area.
Going to be holding this trade for potentially months.