Short

Possible short opportunity

High RISK due to strong GBP movement at the moment.

GBPAUD reached to previous support level, which may have turned into supply zone introducing sellers.

RSI on lower time frames are also very much over bought, so a cool down period should be expected.

SL: above 1.87826

TP: Fib 0.236 of recent gain

GL
FibonacciGBPAUDgbpaudshortSupport and ResistanceTrend Lines

Clause de non-responsabilité