forexTrdr GBPAUD- POUND BOUNCE FALTERING, NEXT STOP 1.80 AREA
Morning traders,
Looking at the setup on British Pound versus Aussie dollar which we played from long side last week and are now looking to play from the short side with British Pound running out of upward momentum back at the resistance area highlighted in our trading view chart and looking likely to head lower again.
The price action also shows up on the indicators with RSI failing to break 50 again and Stochastic turning lower from this resistance level around 1.82. We are looking for a retest of lower support around 1.80 over the next week
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Looking at the setup on British Pound versus Aussie dollar which we played from long side last week and are now looking to play from the short side with British Pound running out of upward momentum back at the resistance area highlighted in our trading view chart and looking likely to head lower again.
The price action also shows up on the indicators with RSI failing to break 50 again and Stochastic turning lower from this resistance level around 1.82. We are looking for a retest of lower support around 1.80 over the next week
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
