GBP AUD! £ strength
GBP AUD Swing trade to the upside.
1. 4hr timeframe has been pulling back for time now and is slowing losing momentum.
2. 200 MA is strongly below price shows we are in a strong up trend on the 4hr timeframe
3. Multi timeframe analysis we drop to the 1hr and see a double bottom has been created suggesting sellers are slowly being dominated by buyers.
4. I would take my entry on the 15 minute timeframe so I’ll wait for the break of structure as you can see on the chart then enter on the retest for high profitability set up :) #OPINIONLEADER#
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