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VladimirRibakov
Dec 2, 2020 11:46 AM

GBPAUD Short Term Sell Idea Inside A Range Short

GBP/AUDOANDA

Description

H4 - Price has reached the middle of the range after bouncing from the top. Bearish hidden divergence.

Price still has room lower towards the bottom of the range.

H1 - Bearish convergence. Most recent uptrend line breakout.

Expecting further continuation lower after pullbacks.

Comment

The price action followed my analysis and reached the bottom of the range as per the plan!
Comments
rezaalimohammadi2
ProjectSyndicate
great technical setup for GBPAUD. seems very logical as well.
VladimirRibakov
@ProjectSyndicate, thank you :)
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