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Snick3rSD
Jan 13, 2024 2:14 PM

GBPAUD - Short active ✅ Short

British Pound/Australian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on GBPAUD.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price rejected from institutional big figure 1.91000 + FIBO 0.786 level.

Fundamental news: Next week on Wednesday will be released yearly CPI on GBP and on Thursday we will see results of Unemployment Rate on AUD.

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Comments
GoodTradeST
I agree! I also consider Fibo a good indicator. A good analysis
Snick3rSD
@GoodTradeST thank you mate!
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