GBPAUD: Price Action & Trading Plan For Today
morning guys!
after a sharp, long lasted fall, GBPAUD has finally found strong support.
the price not only managed to stop rallying but, moreover, it has easily violated the last lower high level,
setting a new higher high and establishing a local bullish trend on 1H.
now the price is consolidating in a local horizontal range.
if you want to catch a bullish continuation, the best option is to wait for a bullish breakout of 1.833 level (1H candle close above).
then you can buy on a pullback or aggressively, aiming at 1.8445 (based on 4h/1h structure)
if the market violates the range to the downside, setup will be invalid.
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