GBP/AUD Bearish Below W L4 Camarilla Pivot

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The GBP/AUD has broken through the bottom part of the descending flat bottom triangle and we can see that the price is making a consolidation now. W L4 is the interim resistance level now.

A re-test of 1.8155-65 zone might bring fresh sellers and establish a new bearish wave. Even the spike to POC2 1.8225-1.8250 could also be bearish for the pair. Rejection from any of the POC zones targets 1.8045 and 1.8017. FInal target is 1.7967. Watch for these levels and protect profits accordingly.

 

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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