Is GBPAUD Finally Ready to Drop?Price is currently struggling to break through a key resistance area. That’s not a problem – I’m not looking to catch the entire move, I only need a clean 1:3 RR and potentially the completion of the Asia range.
🔻 Bias: Bearish
On the 4H chart, I’ve identified the 50 EMA as a possible point of rejection, and it lines up perfectly with a 15m POI (Orderblock).
Since the Asia session opened higher, this creates a solid intraday short opportunity targeting the unfilled Asian range.
✅ I’ve marked two potential zones where price could react. If I get clean bearish price action in either zone – such as a BOS on the 1m or strong rejection patterns – I’ll look to execute the short.
Patience until the setup aligns. Let's see how it plays out. 🔍💯
