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ElElpis

YOU WANT A QUALITY TRADE? GBP/AUD SELL OPPORTUNITY

Short
Livre sterling / Dollar australien (FX:GBPAUD)  
ElElpis  
FX:GBPAUD   Livre sterling / Dollar australien
Trend Analysis Chart Patterns Fundamental Analysis fundamental-analysis Trend Line Break retest
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trendanalysis chartpattern fundamental fundamental-analysis trendlinebreak retest
We can see on the Daily Chart that we were on a consolidation range after a spike up on GBP/AUD and we have just last Friday broke out of the consolidation zone to the downside.

Overall we are on a descending trend, Weekly chart shows us a nice ASCENDING trendline bein broken and being retested in the last couple of weeks.

4-hour chart price is now hanging about and due to retest, the last CONSOLIDATION breaks out to confirm that bears are in control again.

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