GBPAUD Analysis
Prices are forming a rising wedge on the weekly time chart
Prices have broken the bottom trend line of the rising wedge.
Possible 2 scenarios are prices pullback to a descending trend line formed on the 4H chart then price fall to the 1.78000 support level
The other scenario is prices fall directly to the 1.78 support zone WITHOUT a pullback to the trend line.
At the moment a confirmation is needed to enter this trade
Prices have broken the bottom trend line of the rising wedge.
Possible 2 scenarios are prices pullback to a descending trend line formed on the 4H chart then price fall to the 1.78000 support level
The other scenario is prices fall directly to the 1.78 support zone WITHOUT a pullback to the trend line.
At the moment a confirmation is needed to enter this trade
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