GBPAUD good position for BUY trade

After the growth spurt in the last year's pair, the price fell into the zone between the two strong resistance levels of 1.838 and the equally strong support line formed in 2013. Moving between them, the price also broke through the level of 1.785.

After another touch of the resistance level, the price reached the support level of 1.785 and this is an excellent position to open a buy trade! I never tire of reminding you of the importance of SL - look for it around the 1.757 support line.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻