SharifAzadeh

GBP/AUD: Heavy supply and Shooting Star

Short
FX:GBPAUD   British Pound / Australian Dollar
2
As is shown on the chart, the heavy supply witnessed yesterday in a resistance zone caused the formation of a shooting star pattern that points to a healthy correction towards the support area. A 2% decline is favored before the uptrend continues.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.