Could pull back to the daily trend line (green) but definitely looking for upside there after to meet the 50% retracement of the prior down move.
Even a tag below the trend line wouldn't entirely mean bearishness, but at this point you could also look for flags to take the sells.
Longer term the GBPAUD should strengthen
Even a tag below the trend line wouldn't entirely mean bearishness, but at this point you could also look for flags to take the sells.
Longer term the GBPAUD should strengthen
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Instagram: instagram.com/tradersmission
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
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.