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darian_fx

GBPAUD: Moving Strong Into Strong Resistance

Short
British Pound / Australian Dollar (FX:GBPAUD)  
darian_fx Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPAUD Bearish Patterns short Support and Resistance level Daily Charts wednesday pattern
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trendanalysis chartpattern beyondta gbpaud bearish short supportandresistance level daily wednesday pattern
Good Afternoon Everyone,
we are looking at the GBPAUD chart on a daily time frame right now. I was short this pair last week when price formed the first high with divergence. It was clear that there will be a pullback, but i was not sure how high it will go. Honestly it was way too high. Price broke my trading expected structure and run straight up with a new high, sitting right now in a huge resistance area. I do not really believe in this move, could be only another retest and maybe we see price tomorrow coming down again. Just wanted to share this chart and lets keep an eye on this...
Comment:
Price is respecting the resistance. Lets see how the daily will close today.
Order cancelled:
Broke and retested resistance now acting as support. Patience is key. Trade less earn more.
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