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Salzworth

Oulook on GBPAUD: Pullback presents an opportunity to sell

Short
British Pound / Australian Dollar (FOREXCOM:GBPAUD)  
Salzworth  
FOREXCOM:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudsell gbpaudshort
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudsell gbpaudshort
Hi everyone, GBPAUD remains under pressure from its daily resistance as well as our H4 descending trend line where we could see a further downside here. A pullback to our H4 resistance at 1.88800 in line with the 61.8% fibonacci retracement presents an opportunity to enter a short, keeping in mind that prices are holding below the resistance area on the daily time frame.
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