The GBP/AUD inside a Bearish channel, in the last session, had a strong reversal where looking at the main scenario and with the help of tools like the Fibonacci Level and the presence of 200 Moving average, our Idea is about the retest of the upper side of the channel in confluence with the 78.6% strong Fibo level and the 200 Ma. As you can see there is a Divergence on the RSI and the Stochastic is not in the overbought area already. Looking for another Bullish impulse before setting our SHORT position in the direction of the main trend
Note
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Related publications
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.