With a double top confirmed on both Daily and H4, this pair has broken the uptrend on the weekly chart as well. With the Euro in free fall and expected to drop further with political concerns in Italy and subpar data from the Eurozone and an oversold Aussie recovering well from multi week lows, this pair will only drop further.
@WayanEkaLautzePutra, Overall, YES I believe that Aussie will appreciate. However, we may see a bounce from current on GBPAUD of 150-200 pips. I am not trading the pair myself so I am not biased either way.
WayanEkaLautzePutra
⋅
Amazing. Great call. Is this too late if i want to get in?
Premium_Tendies
⋅
@WayanEkaLautzePutra, In the long term, I feel it is still safe to enter short here.