GBPAUD Setups incoming. Short Bias
As the title says, I have a short Bias on GBPAUD considering the daily trend.
The pair as given us a good pullback since October and is currently sitting at the 50% Fibs retracement level.
Although this could be a potential good place to spot a reversal for trend continuation, I will be keeping an eye out for a move up to the 62% fibs level.
The pair as given us a good pullback since October and is currently sitting at the 50% Fibs retracement level.
Although this could be a potential good place to spot a reversal for trend continuation, I will be keeping an eye out for a move up to the 62% fibs level.
Note
It took some time, be GBPAUD finally reached the idea zone in which I will be hunting for a reversal.It does look like selling pressure is building up but doubt we will be getting anything until next week.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.