This is a potential short on the GBPAUD. Price on the daily has pulled back into a nice spot where it meets tendline resistance. On the 4 hour this manifests as a nice bear flag. Price has already broken out of the 4 hour flag, but will see what it looks like on close of the current 4 hour candle. Could be a short here down to the next level of support at 1.7277
Note
We already caught a big move down on this pair which i posed before and this could be the next swing
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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.