Mahtab_Tradia

GBPAUD At End Of Correction Phase

Short
OANDA:GBPAUD   British Pound / Australian Dollar
There is a downtrend in both Daily and Hourly timeframes. As you see there are lower highs and lower lows. Price has retraced more than 50% and has approached to the resistance level . MACD shows that the upward pressure is decreasing. Bullish candles are also getting smaller and weaker. I expect a fall in this pair and if price retest the 1.78900 again, it is a good entry level to go short.
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Comments

possible reversal area to watch out for :)
+3 Reply
Mahtab_Tradia jojofang0901
@jojofang0901 😊👍🏻
Reply
Amazing update, thanks🔥
+2 Reply
Mahtab_Tradia FieryTrading
@FieryTrading your welcome
Reply
lol
+1 Reply
Well done. It looks a great setup.
+1 Reply
Mahtab_Tradia KlejdiCuni
@KlejdiCuni Thank you 😊🙏🏻
Reply
there is a breakout from the falling resistance now, what is the plan?
+1 Reply
sl touched😒
+1 Reply
Mahtab_Tradia akbritrader
@akbritrader That’s fine, it’s market mate!
Reply
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