GBPAUD Idea

H1 Chart on the GBPAUD pair. market structure is currently negative as we enter into the new trading day. A bearish engulfing candle has newly formed itself inside the triangle, therefore I expect a further breakdown of this pair. A few retests around the 4 hour zones should see the pair move ultimately 130 pips down the 1.82000 region before a major daily support level. Trade cautiously. Have good week, more ideas to be published.