GBPAUD - ANALYSIS BASED ON MARKET STRUCTURE

GBPAUD formed a descending channel, formed HL , new LLs and deeps, a retracement is expected to Fib 61-79 Retracement level, and still aligns with the 4hrs descending trend and also falls on resistant zone. The chart explains the rest.
NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the market - CONFIRMATION IS ALWAYS IMPORTANT BEFORE TAKING ANY TRADE USING MY BLUE BOX or MY HIGHLIGHTED BLUE BOX. When price moves aggressively towards predicted areas, they tends to break those areas without showing any significant rejection. I always check my 1hr or 30 mins chart for sign of demand or supply before taking trades on predicted areas.