GBPAUD- THE BEAR STILL HAS THE UPPER HAND.
2019-11-24 22:43:45
Based on the previous analysis we shared last week about this impeding break down, price is still at the edge of pulling back 50%(0.5fib) of its move to the upside.
So what should traders anticipate? Traders should always follow the weekly market rule, which states that "The market move more on Monday and Tuesday in the direction it close on Friday".
So we still expect the bearish to push price down to test the 0.5fibonacci retracement levels. What levels should traders keep an eye on?
Breakdown level: 1.88849
Support 1:1.87034
Support 2: 1.85891
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Ideas published should not be referred to as an investment advice.