2 months ago
This is clear signal of reverse, market reached the intermediate level of supply zone, it is a clear indication that sellers outnumbers buyers, But it is not a through or direct selling because the market did not cross the previous resistance zone of H4
2 months ago
The GBPAUD currency pair still tends to be seen in a bullish bias and is currently trading at a price of 2.0834 or higher than the opening price the previous day, if we look at the candles formed on the current H4 time frame, the GBPAUD currency pair is above the MA 24 and MA 200 lines, while the stochastic indicator 5.3.3 is currently at level 80, thus for today's trading the GBPAUD currency pair is expected to continue the bullish trend and we can later look for opportunities to buy in this pair.