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DK_Investment

GBP/AUD - within up channel & near strong resistance

Short
British Pound / Australian Dollar (FX:GBPAUD)  
DK_Investment Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Market broke out above trend channel but doesn't looks like it can continue the small rally. RSI and MACD indicating a soon correction, I expect a correction like this one from April 24 to 29. 50 day moving average crossed 100 day moving average which is bullish indicator but now the 50 day MA is near 200 day MA and have to cross it, otherwise this would be an bearish indicator.

Wait for trend confirmation before entering this trade. Confirmation is drawn in the chart.

Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.

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