GBPAUD FORMING A DOWNTREND STRUCTURE IN 4H TIMEFRAME.
Market recently enter into new downtrend by forming a lower low.
Market is rejecting the price near the previous high which in important resistance level.
Price may start forming another primary trend and may remain bearish in upcoming sessions.
on lower side market may hit the targets of 2.06800 & 2.05500.
On higher side market may test the resistance level of 2.10330.
Market recently enter into new downtrend by forming a lower low.
Market is rejecting the price near the previous high which in important resistance level.
Price may start forming another primary trend and may remain bearish in upcoming sessions.
on lower side market may hit the targets of 2.06800 & 2.05500.
On higher side market may test the resistance level of 2.10330.
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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.