GBP/AUD - Possible Breakdown
It looks likes GBP/AUD has lost it's steam and is starting to breakdown, if this candle on the 4hr closes below current support i'll be happy to short to the 1.70698 area. My current stratergy allows me to sell now as price has closed below the Donchian Channel low but there's nothing wrong with more confluence, I'll keep you posted.
Note
Note
if the price doesn't close below the previous low, look for this double bottom patternNote
I had a lot of faith in this one, I'm currently running with three open positions on this trade and I think I can see another potential short. stay tuned!
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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.