GBP/AUD: SHORT from Resistance area in STRONG DOWNTREND SELL
GBP/AUD inside a strong Downtrend and Bearish channel, in the last session, come back to retest the Resistance at 1.6950 and today open the market with a Bearish candle, yes the situation seems uncertain but, as you can see the price still under 50 Moving average, the RSI turned Bearish again ( Looks the pattern with retest on RSI ) and the Stochastic it's outside the Overbought area with the tendency to fall down. Our bias is about a continuation of the main tendency, a downtrend with a new Push down.
Note
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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.