GBPAUD - Bearish Continuation
Shorting GA from the top of the range. Saw some bullish movement toward/during today's London session, however I believe price has halted at the 1.83 psychological and we will see a further decline in price.
GA is still downtrending on higher timeframes and I believe we can move much lower.
PA at the 1.83 psych suggests exhaustion and a reversal, (long wicks/spinning top candlesticks), with price closing clean under the hourly 200 EMA.
Initial target is the bottom of the range, if momentum is strong I may hold one of my positions in anticipation of a break lower.
GA is still downtrending on higher timeframes and I believe we can move much lower.
PA at the 1.83 psych suggests exhaustion and a reversal, (long wicks/spinning top candlesticks), with price closing clean under the hourly 200 EMA.
Initial target is the bottom of the range, if momentum is strong I may hold one of my positions in anticipation of a break lower.
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