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VasilyTrader
Apr 11, 2024 7:05 AM

GBPAUD: Massive Breakout 🇬🇧🇦🇺 Short

GBP/AUDOANDA

Description


GBPAUD broke and closed below a wide daily demand area last week.
We see a retest of a broken structure after a release of the yesterday's fundamentals.

I believe that the fall may continue from the underlined red area.

Goal - 1.913

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Comments
VasilyTrader
Are you bearish on GBPAUD?
TheFxAce
Totally agree, time to sell.
FXCM
The supply zone looks solid, as the price has been respecting it multiple times in the past. I suspect a descending trendline might line up with the supply zone, which is a good sign of bearish momentum coming to the market. Let's see how this plays out.
VasilyTrader
@FXCM, thank you for your comment
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