GBP/AUD Looking to sell in the near future
GBP/AUD is nearing the top trendline of the bearish flag it is currently in. This if the key level at 1.63898 is respected I will be looking to enter a sell trade all the way to the bottom trendline and if it breaks out even lower. If the key level is respected the gain we are looking at till the bottom trendline is roughly 190pips. However, if the key level is not respected the idea will be voided and I will avoid the trade. Trade safe traders.
A better look on the weekly timeframe. All we need to do is break the blue trendline and create a small correction and our downside will be confirmed.