GBP/AUD - dead cat bounce, time to short the market
market price reached upper long term trend line which is very strong resistance I expect many sellers entering the market at 1.90250 - 1.90750 . I expect a correction movement as drawn in the chart which can bring real quick profit (30-40 %).
-RSI baseline on daily is heavy overbought, expect sellers coming into the market
-MACD baselines reached the top and looking for bearish crossing which brings sellers into the market
-RSI baseline on daily is heavy overbought, expect sellers coming into the market
-MACD baselines reached the top and looking for bearish crossing which brings sellers into the market
Comment:
the green line is of course support and not resistance
Comment:
try to open short as described in the area of 1.90250 - 1.90750
Trade active
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
