GBPAUD shorts
I believe that GBPAUD is due for sells today. Here is why;
- Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders.
- There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future.
- Moreover, there is a lower low formed on the 4h timeframe which shows me that price will continue going lower.
- I am currently in a short trade. I am expecting price to collect orders at 1.9370, where I will sell again.
- My targets are 1.9300
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.