GBPAUD Overextended: Preparing for a Midweek Pullback📉 Taking a closer look at GBP/AUD, we can see that price is well and truly overextended within a strong bearish trend 🔻. While the downside momentum remains intact, price is now approaching a key support zone, an area where we could expect a potential retracement or temporary relief rally.
As we’re currently midweek, traders should stay alert ⚠️ — this is often the time when the market delivers aggressive pullbacks or reversals, catching late sellers off guard. If price rallies back into a clear resistance level, I’ll be watching closely for a break of market structure to the downside to confirm a short setup 🎯.
For now, patience and precision are key — let the market come to you and wait for confirmation before taking action.
💬 Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and use proper risk management.
