GBPAUD Setups incoming. Short Bias
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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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