🔸Hello traders, let's review the 6 hour chart for GBPAUD today. Expecting more upside in this market before reversal, higher risk entry on buy side right now, bulls will target re-test of mirror horizontal S/R at 9290, this is a higher risk setup though.
🔸Short-term expecting final pump into overhead resistance at 9290, for now bulls maintain control in this market.
🔸Recommended strategy for GBPAUD bears: wait for price to max out later near strong overhead S/R at 9290 and short sell into resistance. SL 60 pips. TP1 +165 pips TP2 +365 pips. swing trade setup, more patience required. good luck!
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