Bearish Week for GBPAUD

Short

British Pound / Australian Dollar (FX:GBPAUD)

Updated

FX:GBPAUD British Pound / Australian Dollar

GBPAUD short Fibonacci Trend Lines Bearish Patterns

gbpaud short fibonacci trendline bearish

GBPAUD is currently in a bearish channel on higher timeframe.
- Potential ABCD
- Break of red trendline incoming
- Respecting the 78.6% retracement
- RSI overbought

Comment:

Idea invalidated, but the short principle is still valid.
Wait till the red trendline will be broken.

snapshot

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