GBP/AUD - REJECTING 1.8000 AGAIN? UPSIDE TP: 1.8150.
A Bit of a late one... however, I have been stalking the P.A for the latter part of the day with this pair rejecting 1.8000 once again.
Is G.A ready for an upside boost? Perhaps...
H4 & H1 align nicely for a decent R/R trade - 1.8150 being a stable yet realistic upside target for the pair into Friday's USD non-farm payroll event. Yesterday's witness portrays a huge psychological level being tested with P.A retreating suddenly back into the range of the prior...
To be honest, the invalidation of this anticipated intraday bull run would simply derive from a clear H4 break of 1.8000 in which my interest would slide away from this pair until next week.
Risk- reward makes sense going into Friday's Asian session, as long as it aligns with your own analysis and views etc etc.
Keeping it simple whilst wishing everybody a good Friday & weekend to follow.