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VasilyTrader
Oct 14, 2019 6:57 AM

GBPAUD Will Retrace! Here is why: Short

GBP/AUDOANDA

Description



hey traders,

GBPAUD still respects the boundaries of the rising channel.

on Friday pair has reached 1.87 level.
what is interesting about this level is that
first of all, it matches perfectly with the rising resistance of the channel and
secondly, we see that in the past this level was respected by the market.

following these observations there is a high chance to see a retracement to the rising support of the channel.

Target levels are 1.84 and 1.83

The safest stop is 1.88
Comments
UnknownUnicorn2319293
Here's a clearer picture…
UnknownUnicorn2319293
There was another major channel in play
pjmurray2010
That was brutal. Smashed its way through resistance
SirLorDD
Analysis makes alot sense to me
SirLorDD
am on this trade now just took a sell
VasilyTrader
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