GBPAUD - SHORT POSITION (8HR)
Overall I'm bullish on GBP and AUD but this trade does hit quite a few confluences.
Confluences:
- Rejection of blue box and 78% fib
- rejection of 8Hr EMA
- TP lines up nicely with next area of support
- break out retest of previous upward trend
Confluences:
- Rejection of blue box and 78% fib
- rejection of 8Hr EMA
- TP lines up nicely with next area of support
- break out retest of previous upward trend
Trade active
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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.