Price broke above resistance and managed to close the daily candle with gains. It is a sign of change of short term trend and gives opportunity to look for long positions if there will be re-test from above. I still have short opened, but there is nothing I can do.
On this pair support clearly worked and there was dynamic rebound. It all happened in the middle of the night so I had no opportunity to open long position. If there will be any bearish correction it will be worth to look for short positions.
This pair is testing support and it is worth to look for some opportunities to open long positions after some Price Action signal (signals are described in the article at the bottom of this analysis). If there will be break and daily candle will close below, it will mean change of trend and playing short positions.
GBPAUD clearly broke support, but we still need close of the current candle below it. We have no idea how this session will end, because going above mentioned level can give some buy signal. This is why we should only play on the basis of closed candles.
Yesterday there was huge sellout on this pair, which led it to the next support. If there will be any buy signal we can open long positions which still will be consistent with long term trend.
The pair broke resistance and it seems like we are waiting for some correction. The best opportunity will be after re-test this level from above. Then we should look for some signals on H4 chart. You can start using Price Action and invest on Forex market using free XM broker account.
Yesterday finally there was a break from triangle pattern. Unfortunately it is not convincing because it was not some dynamic move. We still have to wait.