GBPAUD already shows rejection signs, but still can go up

2020-01-28 11:49:35

Good morning, I was looking at GBPAUD the last week and tried to short, but failed.
We now could see a RRT developing on the H4 chart (Rail Road Track) which would suggest a nice selling opportunity.
If it fails, price could move up in the huge demand zone of 1.94 - 1.95 and from there we see another selling opportunity.

My target will be 1.91 on GBPAUD