GBPAUD(WEEKLY): LONG-TERM SPECULATION WITH CONDITIONS
Expecting a rally to the upside as price crashes into major support at the 1.7800/1.7600 zone to continue the uptrend correction channel.
However, we shall be looking at a possibility of price breaking this support zone to continue the long term downtrend from the last impulsive move (May/July 2016) to the downside.
Also putting into consideration that this is a long term trade and decision might not be taken soon as we wait for a couple of weeks/month.
However, we shall be looking at a possibility of price breaking this support zone to continue the long term downtrend from the last impulsive move (May/July 2016) to the downside.
Also putting into consideration that this is a long term trade and decision might not be taken soon as we wait for a couple of weeks/month.
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