Nico.Muselle

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.
Dorisan PRO
2 years ago
if you do a channel on 240 we could see come on and start a trendline rising.
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Nico.Muselle MOD Dorisan
2 years ago
Chart or it didn't happen :D
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Dorisan PRO
2 years ago
snapshot
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Nico.Muselle MOD Dorisan
2 years ago
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.
snapshot
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Dorisan PRO Nico.Muselle
2 years ago
I agree with your way of seeing
+1 Reply
Nico.Muselle MOD Dorisan
2 years ago
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.
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Dorisan PRO Nico.Muselle
2 years ago
I perceive that we have a similar viewpoint as against the trend this not feel like too.
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HI NICO what is zoar view on this pair now
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