GBPAUD: Very nice structure trade
Updated
Hello traders!
We have a very good shorting opportunity on #GBPAUD. As we see the market is in a bearish trend and it is a good moment to go short at the structure level around @2.0953. There is a confluence of fibs and bearish divergence.
I see this level is very strong and it will be hard to break up. If the momentum will slow down, and I think it does, we should see the downfall. Our targets will be the minor structure @2.0735 and the target 2 will be 2.0337
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Avto_T
Financial Analyst
rcpforex.com
We have a very good shorting opportunity on #GBPAUD. As we see the market is in a bearish trend and it is a good moment to go short at the structure level around @2.0953. There is a confluence of fibs and bearish divergence.
I see this level is very strong and it will be hard to break up. If the momentum will slow down, and I think it does, we should see the downfall. Our targets will be the minor structure @2.0735 and the target 2 will be 2.0337
--
Avto_T
Financial Analyst
rcpforex.com
Trade active
Trade closed: target reached
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