Due to last weeks rejection candle, I expect a rally upward at the start of this session but am biased for short on GBPAUD, looks like a good consolidation period, if we get a good rejection at the upper fib level there is potential for short to 1.720000.
KEY levels:
1.8000000- Massive resistance lvl with doubletop
1.793000 - Fib lvl with possible downtrend continuation zone; EP for short position
1.780000- First real support lvl if we continue the downtrend
1.720000- Massive support
News heavy week, i will be expecting massive moves on this pair this week
KEY levels:
1.8000000- Massive resistance lvl with doubletop
1.793000 - Fib lvl with possible downtrend continuation zone; EP for short position
1.780000- First real support lvl if we continue the downtrend
1.720000- Massive support
News heavy week, i will be expecting massive moves on this pair this week
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.