GBP/AUD H4 | Bearish Momentum PersistsGBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.9042 which is a pullback resistance and the presence of the bearish Ichimoku cloud highlights the bearish momentum.
Stop loss is at 1.9090 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1.8909 which is a multi-swing-low support.
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Losses can exceed deposits.
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