GBPAUD awaiting break of daily trendline+support
Updated
GBPAUD is currently gaining lot of bearish momentum as you can see on daily chart.
We are approaching trendline, which indicates pretty nice uptrend and major support level of 1.79380, also third confluence
is 50EMA, which indicates also support for GA. Reaction of GBPAUD on those levels will decide wheter bulls or bears will take over of this pair.
My bias is bearish, because the momentum is strong and I will definitely wait for break trendline+support+50EMA before i go short and
we will have three major confluences to go short! Just be patient and wait for proper break and retest of EMA/Trendline/Support.
Don't forget to trade carefuly while brexit votes and leaving european union for Great Britain is still in play. Use your money and risk
management properly! Wish you good luck guys. Take care
We are approaching trendline, which indicates pretty nice uptrend and major support level of 1.79380, also third confluence
is 50EMA, which indicates also support for GA. Reaction of GBPAUD on those levels will decide wheter bulls or bears will take over of this pair.
My bias is bearish, because the momentum is strong and I will definitely wait for break trendline+support+50EMA before i go short and
we will have three major confluences to go short! Just be patient and wait for proper break and retest of EMA/Trendline/Support.
Don't forget to trade carefuly while brexit votes and leaving european union for Great Britain is still in play. Use your money and risk
management properly! Wish you good luck guys. Take care
Note
Short-Term 2H analysis on GANote
GA might pop up little bitNote
False Breakout to the downside cut out bears and then exploded
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