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BoonHooi
Apr 16, 2017 4:57 AM

GBPAUD - Bearish Shark with resistance Short

British Pound/Australian DollarFXCM

Description

Similar to the movements of EURAUD, GBPAUD has been making lower highs since June 2016. Again 2 days ago it got resisted by the 1.6700/20 levels.

Pattern Identification
Completed a bearish Shark Pattern and fell.

Trade execution
Looking for any continuation pattern to take a short. Currently breaking the TL support

Comment

Let's see what next week shows us.
Breaking below this TL will point to a big big move down

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