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 .
HI NICO what is zoar view on this pair now
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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
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.
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Dorisan PRO Nico.Muselle
I perceive that we have a similar viewpoint as against the trend this not feel like too.
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if you do a channel on 240 we could see come on and start a trendline rising.
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Chart or it didn't happen :D
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