GBPAUD-We can still catch the big decline
Im closely looking this pair but i didnt open any trade due to market volatility last week.
First i want to remind that long term price is at a KEY AREA visible on W1 chart, with a potential 1500 pips decline from current price.
That setup is still valid. Today price is making a pullback to last highs and we can take advantage of that to entry short. I think the rally today is pure euphoria after yesterdays rate news for AUD.
Here on H4 chart i show a possible entry, a bearish bat near round numer 2.200
Best regards.
First i want to remind that long term price is at a KEY AREA visible on W1 chart, with a potential 1500 pips decline from current price.
That setup is still valid. Today price is making a pullback to last highs and we can take advantage of that to entry short. I think the rally today is pure euphoria after yesterdays rate news for AUD.
Here on H4 chart i show a possible entry, a bearish bat near round numer 2.200
Best regards.
