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DK_Investment

GBP/AUD - indicators screaming for correction - cup and handle

Short
British Pound / Australian Dollar (FX:GBPAUD)  
DK_Investment Updated   
FX:GBPAUD   British Pound / Australian Dollar
Technical Indicators Trend Analysis Chart Patterns
4
0
indicator trendanalysis chartpattern
After todays small rally in 1HR chart the price is looking for an correction. Current chart is forming an cup and handle with good risk/reward ratio for short order.
All indicators are heavy or near heavy overbought. MACD is looking for an bearish crossing of baselines. Target and stop loss is drawn in the chart.

Good luck to all
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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