GBPAUD (Student exercise)
2020-01-24 18:24:02
Monthly: Bullish direction, channel present.
Weekly: Price respecting trend line, currently over a strong level
Daily: 1 - The price can close over the trendline for the weekend (Entry 1) and next week aim to touch level 1,95500.
2- If break of trend (very unlikely due to recent GBP strength), to test daily level, retest trend line and aim weekly support level.
4H: Entry 1 likely to happen, strong bearish Marubozu, unlike to test the trend.