GBP/AUD Bears are in Control

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The GBP/AUD is at highs. However, the pair should drop as the price is losing momentum.

On a daily time frame, the price has made a new lower high and a very strong bearish candle. Additionally it below the monthly and quarterly pivots. Historical sellers are here. the 1.8390 zone is a selling zone. We should see a drop towards 1.8202 which is my target for short trades.

The Analysis has been done with the Black Widow system.

Cheers and safe trading,

Nenad

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