GBPAUD: Bearish Setup Explained 🇬🇧🇦🇺 Short

GBP/AUDOANDA

Description

⋅ Oct 13, 2023 11:44 AM

GBPAUD looks quite overbought to me.

We see a clear sign of strength of the sellers with a breakout of
a neckline of a double top formation and a violation of a support line of a rising wedge.

I expect a retracement to 1.92445

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Comments

VasilyTrader

⋅ Oct 13, 2023 11:45 AM

Are you bearish on GBPAUD?

TheFxAce

⋅ Oct 14, 2023 1:36 PM

Your post is a thorough exploration of potential market declines.

MonoCoinSignal

⋅ Oct 13, 2023 6:49 PM

Your charts provide a clear glimpse into market trends, thank you.