GBPAUD Attractive risk-reward long #forex

As long as the flash crash low for GBPAUD(1.5840) is intact I see an upside bounce. The risk-reward at current levels is very attractive and that makes this trade worth considering.

• The price is about to form a hammer candle at this major low.
  
• A break above 1.6110 imenninet resistance may give further confirmation to the rebound scenario.
  

This is my personal view, please trade your own.

Remember,
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade
Best regards,
Technician