GBPAUD
Updated
My thoughts on GBPAUD we are still in downtrend. I'm looking for price to retrace to the orange resistance box for sell limits for a continuation of down trend. Price may pierce through the orange box that's ok as long as it doesn't close above box. Price still below 200 EMA as of now I'm pretty sure a retest will come along with it. 1.72630 IS THE TARGET.
Trade closed: stop reached
UPDATE THIS TRADE WAS INVALIDATED DUE TO CLOSE ABOVE ORANGE BOX . Price broke above and retested the box. Price looking for a retest of 1.79301 area. I will be looking for a sell opportunity there.
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