GBP/AUD - 1H Analysis & Trade Plan

📊 GBP/AUD - 1H Analysis & Trade Plan

🔹 Market Structure:
✅ Break of Structure (BOS) confirms trend continuation.
✅ Change of Character (ChoCH) signals potential reversals.
✅ Fair Value Gaps (FVG) highlight imbalance zones.

🔹 Key Levels:
✅ Resistance Zones:
• 1.98820 - 1.98891 (Major resistance)
• 1.98623 - 1.98553 (Lower resistance zone)
• 1.98375 - 1.98397 (Current reaction zone)

✅ Fibonacci Retracement Levels:
• 0.382 (1.9819), 0.5 (1.9812), 0.618 (1.9806), 0.705 (1.9800), 0.786 (1.9796)

📌 Trade Idea:
🔹 Bearish bias remains valid if price rejects from 1.98375 - 1.98397 zone.
🔹 A break above 1.98547 may lead to further bullish momentum.
🔹 Potential downside targets: 1.97803 - 1.97700 region.

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