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caelanmcnamara
Apr 26, 2020 11:43 AM

GBPAUD Potential Short? Short

British Pound/Australian DollarFXCM

Description

I'm new to FOREX trading and this was one of my first technical analysis so please give me criticism and advance it would be greatly appreciated.

GBPAUD shows a downtrend with the price falling bellow the SMA/Volume suggesting a bearish market setting it self up for a short once the resistance on the trend line has been tested. The low trading volume also supports the evidence of a week market, setting up for a potential short.

Again I am new to FOREX and technical analysis so please feel free to give me feedback :)
Comments
Mr_Boom
If this was you first attempt, I'm pretty sure you'll have a bright future 💪
caelanmcnamara
@Mr_Boom Thank you, do you have any advice/criticism?
Flexydonad
I think the breakout should be upside
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