GBP/AUD Bears are in Control

1 min read
tarantula fx

tarantula fx

Head of Trading
GBP/AUD Bears are in Control

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

Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x