GBPAUD Scenarios for WC 24th Feb 2020
Daily time frame is still showing an uptrend but obviously this is not guaranteed to continue.
Red lines are D1 Retail S+R lines and D1 trend lines
Yellow is H4 zones and H4 Retail S+R lines
Green is H1 Zones and H1 Retail S+R lines
Looking for possibly a retracement to the level below where price is currently before reversing back to the upside.
A break of the lower support could indicate a break to the downside.
Price appears to be middle of daily up trend channel.
Red lines are D1 Retail S+R lines and D1 trend lines
Yellow is H4 zones and H4 Retail S+R lines
Green is H1 Zones and H1 Retail S+R lines
Looking for possibly a retracement to the level below where price is currently before reversing back to the upside.
A break of the lower support could indicate a break to the downside.
Price appears to be middle of daily up trend channel.