GBPAUD

٧ فبراير ٢٠٢١

Hey whats up traders. Here is my analysis for GBPAUD . This is simple and straight forward- this pair will most likely SELL simply because in monthly as well as this weekly time frame, the trend has broken out the channel and closed outside the channel , which tells me there is a possibility that it may SELL. Price has also closed above the lowest point/support and SELLERS got rejected 3 times(you could say its a triple bottom).I expect to see price change in the area of 1.89475 for a retest before dropping as i also see a continuation pattern as well. Keep in mind that FOREX is speculative and never risk more than 1% of your capital.
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Have a great and profitable week.