GBPAUD Potential Short on a Trend reversal Trade
GBPAUD made a significant bullish run and interestingly, the move was pretty fast. Looking back in history, Price has hit a major Resistance and created a new low around the 2.03801. This area has been further broken and retested which suggests a possible bearish opportunity. I would recommend to trade this with some caution as the overall bullish move is still potentially on. Results are not typical, past results does not guarantee future results, so do your due diligence.
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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.