Bearish Week for GBPAUD
GBPAUD is currently in a bearish channel on higher timeframe.
- Potential ABCD
- Break of red trendline incoming
- Respecting the 78.6% retracement
- RSI overbought
- Potential ABCD
- Break of red trendline incoming
- Respecting the 78.6% retracement
- RSI overbought
Note
Idea invalidated, but the short principle is still valid.Wait till the red trendline will be broken.
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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.