All we need is a nice pullback into structure on the 15 mins chart preferably at the (2) point on the chart or a nice reversal pattern and we can take a sell on GBPAUD.
Do NOT get impulsive to sell GBPs right away! The majority of the time they ALWAYS give you a nice pullback so just be patient or enter a small position while waiting for an optimal entry.
The pair has been moving in a channel pattern from the past two months. It has recently tested the upper trendline and has reverted back with the aim of testing the lower trendline. The expected target for the trade is at 1.81645. The Range of 1.84053 – 1.85157 is a strong resistance area for the pair. The stop loss for the trade will be at 1.85157.