Week 28 - GBPAUD: Bullish
Structure is bullish even though price made a bearish candle on Friday. There are 2 congestion area supporting the price:
1) 1.6866
2) 1.6773
I am bullish as long as these 2 levels hold. Therefore I will be looking to look for long at either of these 2 levels, the lower the better.
First level of resistance, 1.716 and if broken, can go up to 1.7336.
1) 1.6866
2) 1.6773
I am bullish as long as these 2 levels hold. Therefore I will be looking to look for long at either of these 2 levels, the lower the better.
First level of resistance, 1.716 and if broken, can go up to 1.7336.
Note
Good area to enter long BUT Price Action is bearish at this moment. Price can even go down to 1.6688. Look to enter only if there is a bullish signal.Note
Price indeed went to 1.6688 but PA is very bearish. Shall stay at sideline to watch.
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