GBPAUD: now price is in a very strong resistance area!
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As you can see from the chart the price is into an important resistance that has previously been tested three times already. (The tests are indicated by the yellow circles)
I therefore propose a bullish entry but under certain conditions.
Only enter if the upside resistance breaks, a more conservative entry is to wait for the retest after the break.
Any Take profit (white lines) are indicated on the graph.
As you can see from the chart the price is into an important resistance that has previously been tested three times already. (The tests are indicated by the yellow circles)
I therefore propose a bullish entry but under certain conditions.
Only enter if the upside resistance breaks, a more conservative entry is to wait for the retest after the break.
Any Take profit (white lines) are indicated on the graph.