GBPAUD - Breaking lower from a flag pattern
Day Trade - Expires at 9pm today
Trade Idea
The medium term bias remains bearish.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Bespoke resistance is located at 1.7946.
Prices are extending lower from the bearish flag/pennant formation.
Further downside is expected and we prefer to set shorts in early trade.
We look to Sell at 1.7945
Stop: 1.7995
Target 1: 1.7800
Target 2: 1.7750
Trade Idea
The medium term bias remains bearish.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Bespoke resistance is located at 1.7946.
Prices are extending lower from the bearish flag/pennant formation.
Further downside is expected and we prefer to set shorts in early trade.
We look to Sell at 1.7945
Stop: 1.7995
Target 1: 1.7800
Target 2: 1.7750
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