GBPAUD likely to short based on trendlines.

Short

British Pound / Australian Dollar (FX:GBPAUD)

Updated

FX:GBPAUD British Pound / Australian Dollar

Price has been in an uptrend for a while and has been respecting the same trendline. It is possible that price will fall soon since price just touched our trendline.

Trade closed: target reached:

Price respected our trendlines and shorted. Bounced back and is now shorting again.

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