GBP/AUD Sell Opportunity
Overall bias on this pair was always bearish since last week. I was awaiting a pullback to take this pair even lover. We got a pullback to the 38.2% retracement on the 2 hour timeframe and combined that with the M.A's still remaining bearish w/ the area between my two MA's acting as dynamic resistance. To add we got even more confirmation from the hanging man / 3 pin pattern formed after we seen some buyers exhaustion. 1:1.3 R:R
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.