GbpAud is going for Long 1H
Updated
GbpAud is approaching area of resistance at 1.79595. After seeing that sellers quit at a smaller timeframe it is reasonable to open a buy.
Risk/Reward: 1.54 (However thare are big chances for the up trend).
Risk/Reward: 1.54 (However thare are big chances for the up trend).
Note
Be ready to open the trade soon.Note
We expected reversal earlier and as you can see the seller can still hold the market down. A reason for seeing this as a buy is MADC that starts to going sideways, which means an opportunity for reversal, slowing down of the downtrend.Order cancelled
Sellers are strong we do not recommend looking at this as a buy.
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