GBPAUD to create last shoulder of HNS and shorts

2020-01-06 01:15:40

On higher timeframes, price seems to be forming a head and shoulder pattern, with the last shoulder in the making

price has begun to move to the upside and created a double bottom

looking for price to come to the 50% retrace of the last major impulse to the downside; which is a major supply zone

looking to catch the buy up as the last shoulder continues to setup

Buy limit @ 1.88087 (previous local support)

SL @ 1.87732