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theforexdaddy

GBP/AUD TrendLine&Resistance HOLDING !!!

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
theforexdaddy  
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPAUD Bearish Patterns holding breakout break Trend Line Break trianglebreak
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trendanalysis chartpattern indicator gbpaud bearish holding breakout break trendlinebreak trianglebreak
ANALYSIS ON GBP/AUD PAIR:

*-Price broke through the consolidation zone between 1.845 & 1.875
*-Price broke the trendline & retested it
*-Full body closure below 1.845 which has played as a strong level
*-Moving averages almost crossed
*-On 4H timeframe we have a bearish spinning top

Next destination on this pair is the 1.795 support level.
Trade carefully because this pair is really volatile!
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