British Pound / Australian Dollar
Short
Updated

GBPAUD Bearish Set up

46
I've been seeing this setup, I've been vary cautions but here's what I'm seeing.

First thing first, this is a bearish market and we have the EMA serving as resistance.

Market came back to retest the 1.765 Zone and as you can see on the daily timeframe; Price gave us an evening star.

H4 has a double top!
H1 is clearer in terms of the double top which I will post later in the comments.

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Note
snapshot
Note
snapshot
Note
^^^^^^ Double Top on H1
Trade closed manually

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