Fxprotrader

GBPAUD Action To Be Taken Very Soon

FX:GBPAUD   British Pound / Australian Dollar
276 0 23
Price in GBPAUD             has reach and will soon test a daily downtrend where action will be taken. The scenario most likely to happen, is price to bounce from that level and start retracing once again. The MACD divergence shows that this up move is losing steam. If we have a breakout above the daily downtrend, structure changes, and we should wait for a correction and go long.

Daily Downtrend:
snapshot

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