GBPAUD Analysis: Price much likely to go down
Hi traders,
GBPAUD has been on the rise and following an ascending channel which it has respected faithfully for a long time since November 2017.
It has now come to its top/resistance line. It is also at a strong horizontal resistance zone.
There is a high chance that price may bounce off towards the support line of the structure.
I would suggest you sell only when the price manage to break the support line of the minor channel that is within the major channel.
Share your views about this pair in the comment section. If you agree with the idea to show agreement.
GBPAUD has been on the rise and following an ascending channel which it has respected faithfully for a long time since November 2017.
It has now come to its top/resistance line. It is also at a strong horizontal resistance zone.
There is a high chance that price may bounce off towards the support line of the structure.
I would suggest you sell only when the price manage to break the support line of the minor channel that is within the major channel.
Share your views about this pair in the comment section. If you agree with the idea to show agreement.