GBPAUD Is looking attractive here for potential short opportunities.
As we all know the #POUND is extremely bearish from both a Fundamental and Technical perspective, yesterday GBPUSD hit ALL TIME LOWS. Don't try and trade against the momentum look to sell the rallies.
On GA price has now provided us with a nice retracement move yesterday the market formed the High of the day during the LDN session off the 0.786 FIB and since has consolidated in the form of this bullish wedge, price is now breaking out of the Asian range and wedge on the LDN open, my key area of interest for sells is off the high of the previous day which is a nice supply zone of confluence. Monitoring LTF for potential entry confirmations.
As we all know the #POUND is extremely bearish from both a Fundamental and Technical perspective, yesterday GBPUSD hit ALL TIME LOWS. Don't try and trade against the momentum look to sell the rallies.
On GA price has now provided us with a nice retracement move yesterday the market formed the High of the day during the LDN session off the 0.786 FIB and since has consolidated in the form of this bullish wedge, price is now breaking out of the Asian range and wedge on the LDN open, my key area of interest for sells is off the high of the previous day which is a nice supply zone of confluence. Monitoring LTF for potential entry confirmations.
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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.