GBPAUD - simple bearish structure trade

FX:GBPAUD   British Pound / Australian Dollar
If the previous support level becomes now resistance, we might be looking at a nice opportunity to short GBPAUD             on the lower highs, lower lows structure principle.

Watch out though, the overall trend on the daily is still very bullish so we might be looking at a little further gasping for breath before the rally continues. The red line in the chart is a weekly support/resistance .
New !!!! Crypto High Tops available now on
Do also check our brand-spanking-new Crypto Sports Edition
Check our live crypto trading channel on Twitch :
HI NICO what is zoar view on this pair now
I agree that on your chart it looks as if it's going to rally, this pair has been bullish for some time and might be looking for a little relief as seen in this chart.
Dorisan Nico.Muselle
I agree with your way of seeing
+1 Reply
Thanks, I always try to look at the bigger picture as well. Sure the general trend is bullish so this is a counter-trend trade, but the daily allows me to do so.
Dorisan Nico.Muselle
I perceive that we have a similar viewpoint as against the trend this not feel like too.
if you do a channel on 240 we could see come on and start a trendline rising.
Chart or it didn't happen :D
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out