GBPAUD - Bearish Trend Continuation
There is no RSI divergence observed on the bearish trend that has been formed after the double top on 1 hour timeframe.
BXY is very bearish at this time while AXY is rather sideways.
The above Confluences indicate a trend continuation resulting in a short opportunity.
Trade with stop loss at the preivous lower high.
BXY is very bearish at this time while AXY is rather sideways.
The above Confluences indicate a trend continuation resulting in a short opportunity.
Trade with stop loss at the preivous lower high.
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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.