PropSignals

GBPAUD is moving within a range

FX:GBPAUD   영국 파운드/호주 달러
**Monthly Chart**

This pair ranges between 2.0500 and 1.6000 levels since Sept 2017 as indicated by the monthly chart. Therefore, directional Bias is selling near the highs and buying near the low with confirmation from lower time frames.

The last monthly candle closed inside the previous month's candle, which is moving into a narrow range. It is unclear where the market wanted to go from a monthly perspective.

**Weekly Chart**

The weekly is also moving within the range between 1.93500 and 1.8900. But it is approaching lower as of now. Last week's candle closed bearish but it remains within the range of the previous candle.

**Daily Chart**

Although daily movements are within a range. There were opportunities on both highs and lows of the range. I am looking to buy at around 1.8900 level in lower time frames. In addition, there might be a selling opportunity at around the 1.91500 level near the Manipulation candles of last week. This can be seen in lower time frames.

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