Pair = GBPAUD
Market = Bearish Market
Opportunity = Selling Opportunity
Support
level = 1.8350
Level = 1.7590
Resistance
Level = 1.7100
Weekly Timeframe: overall direction is Bearish
we can see the significant supports and resistances including the bearish movement.
Daily Timeframes = To make a decision (Sell or Wait)
Market Start Moving down forming Lower high and Lower low including moving average crossed over.
Detail picture of the Daily Timeframe. Support became resistance that is level 1.7590
Once Fibonacci Retracement has been drawn,
we can clearly see that 50% fobo Retracement has made.
Time Frame = 1 hour Timeframe ( to execute the order)
In 1 hour timeframe , Retracemnt is underway respecting the Trendline towards resistance level 1.7590
once the trendline breakout we could make execute the order.
Note:- This Multiple Timeframe anslysis is only for eductional purpose.
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