GBPAUD - LONG POSITION (4HR)CONFLUENCES:
- Bullish trend line
- Fib rejection
- Support level respected
- 51 EMA rejected
Gbapaud
GBPAUD Create I.H&S in D1 Frame.GBPAUD Create Inverse Head & Sholders in D1 Time Frame. So Its Bullish in long term
GBPAUD ShortWeekly trend line has still not been touched on GBPAUD, MACD and RSI showing support for further downward movement. However Stoch is undersold which could be a small move upwards before downtrend continues.
Waiting for the failed breakout of the 1.83200 zone before entering a short trade.
