GBP AUD KEEP THINGS SIMPLE
PURPLE ARROWS - RESISTANCE
SUPPORT/RESISTANCE 1.81008
1.81008 Is a key level we have used a number of times before if you look back at old charts, you can see where price has been used from our arrows.
Price has recently bounced off this level, now we might get a retest of this level but the general movement is to the downside.
You can also see on the 1D and 1W charts that bearish movement is also strong and price is respecting this level.
You must always look at the higher timeframes to back up your analysis, you wouldn't buy a house without getting it checked out for damages 1st would you? that would just be throwing money away just because you hadn't done your research... So why the f#ck would you do the same thing in the Forex market?
And remember KEEP THINGS SIMPLE!!!!!!
SUPPORT/RESISTANCE 1.81008
1.81008 Is a key level we have used a number of times before if you look back at old charts, you can see where price has been used from our arrows.
Price has recently bounced off this level, now we might get a retest of this level but the general movement is to the downside.
You can also see on the 1D and 1W charts that bearish movement is also strong and price is respecting this level.
You must always look at the higher timeframes to back up your analysis, you wouldn't buy a house without getting it checked out for damages 1st would you? that would just be throwing money away just because you hadn't done your research... So why the f#ck would you do the same thing in the Forex market?
And remember KEEP THINGS SIMPLE!!!!!!
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