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GBP/AUD Plausible price action :// DAY TRADERS

Short
British Pound / Australian Dollar (FX:GBPAUD)  
stamoyo  
FX:GBPAUD   British Pound / Australian Dollar
Technical Indicators Chart Patterns Wave Analysis
2
0
indicator chartpattern waveanalysis
The pair is into the formation of a descending Elliott wave and here we have a good option to enter the correction. We have kind of a triple top and now the price is on the "support" line ready do go down. The RSI and MACD indicators are moderate which is a sign for a weak market - that is often regarded to bearish market.
*Disclaimer: this is for educational purposes only*
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