GBPAUD
GBPAUD has retraced to a resistance level and is forming a correction to the downside. I see two possibilities for the downside next week.
1) Price can break out of the correction form where it is now and head to for a lower low.
2) Price can make the correction bigger retesting the resistance level and then head back down.
1) Price can break out of the correction form where it is now and head to for a lower low.
2) Price can make the correction bigger retesting the resistance level and then head back down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.