GBP/AUD W H3 Confluence For New Short Trades

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/AUD might possibly complete the retracement soon and we should see a move down.

The POC zone 1.7599-1.7623 is additionally supported by the W H3 camarilla pivot. We can also see the D H5 resistance which adds to existing confluence. The pair should make a move down towards 1.7521 and 1.7480. If the targets are reached then it will be a decisive point for the pair. Either continuation down to 1.7459 or a move to the upside as a retracement again.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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