GBP/AUD A-B-C Move Lower

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GBP/AUD has formed an ABC pattern with a potential move lower.

The price has formed a bearish pattern with a potential move lower. The market is rejecting the 4-pin bar formation. The 1.8490 zone is a selling zone. The break of the trend line will give further momentum to the trade. Targets are 1.8469 and the break below targets 1.8323-1.8252. This is a sell.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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