GBP/AUD Supply Zone Might Move the Price Towards 1.8756

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/AUD is rejected from M H4 resistance. The price is at the valley point.

Move down should accelerate below M H4 1.8902. We can also see 3 pin bars that are rejecting from resistance indicating selling pressure. The first target is Q H3 camarilla pivot 1.8827 while the second target is M H3 1.8756. Generally the pair is in uptrend so this is a retracement trade as AUD should be getting stronger.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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