TradingView
theforexdaddy
Apr 27, 2019 11:01 AM

GBP/AUD NICE SETUP FOR THE WEEK AHEAD Short

British Pound/Australian DollarFXCM

Description

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
More