theforexdaddy

GBP/AUD NICE SETUP FOR THE WEEK AHEAD

Short
FX:GBPAUD   British Pound / Australian Dollar
This pair has formed such a fantastic structure, check the analysis:

*-Strong trendline break, that means more downside momentum to happen
*-Third rally to the new trendline accepted
*-Fibonacci golden ratio 61.8 respected perfectlly
*-1.84 resistance/psychologicall/institutionall zone broke and retest clearly
*-Spining top candle at resistance/trendline/fib
*-Moving averages crossed
*-next target 1.795

Have a blue trading week everyone, #tradesafe
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.