GBPAUD: Key Level & Confirmation
GBPAUD is approaching a major daily demand area.
1.875 - 1.8785 is our potential reversal zone.
To catch a pullback from that structure,
I need a bullish breakout of a falling wedge pattern on 4H. (at least 4H candle close above its resistance)
Then I will buy with the following targets:
Remember, in case of a bearish breakout of the underlined yellow zone the setup will be invalid
and further decline will be expected.