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TradingBonus
Nov 24, 2021 3:01 AM

GBPAUD BEARISH ELLIOTT WAVE Short

GBP/AUDOANDA

Description

SHORT trade analysis on GBPAUD.

Graph is looking bearish from resistance area - recent Lower Low. Price may complete Elliott Wave Pattern as well. Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.

Analysis is very similar to the one I posted yesterday - GBPNZD, so you should check it out too.

If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Comments
KlejdiCuni
Great Analysis Buddy !
TradingBonus
@KlejdiCuni, Thanks for your support.
Mlizos
After it broke the downtrend line , it came again retesting the previous support.
well let's wait and see playout of the market.
TradingBonus
@Mlizos, Thanks for the comment.
KlejdiCuni
It looks good
TradingBonus
@KlejdiCuni, I am glad you liked it :)
EricRamosTheMatrix
Clean and simple analysis
TradingBonus
@EricRamosTheMatrix, Thanks a lot!
UmbraAscensor
I can concur. only thing I see is a weak Heikin Ashi candle on my end. Also news may affect its moves. might pick this one up myself as a short for the night
TradingBonus
@UmbraAscensor, Thanks for the update.
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