Possible movement of GBP/AUD.
Here we can see that the pair is still inside the ascending channel, and we can see the supply and demand levels that are being respected.
Black zone = Daily zone
Pink zone = 4hr zone
We can also see that the target for the fib retracement for a short lines up nicely with the next demand zone.
We also have a possible head and shoulders forming.
However, the pair may respect the current demand level it is at and rally upwards.
Here we can see that the pair is still inside the ascending channel, and we can see the supply and demand levels that are being respected.
Black zone = Daily zone
Pink zone = 4hr zone
We can also see that the target for the fib retracement for a short lines up nicely with the next demand zone.
We also have a possible head and shoulders forming.
However, the pair may respect the current demand level it is at and rally upwards.