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Gbpaudshort

GBPAUD facing bearish pressure, potential for further downside!Price is facing bearish pressure as it continues to hold below the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. Price could potentially reverse at 1st resistance, in line with 61.8% Fibonacci retracement, horizontal pullback resistance and descending trendline resistance, and further downside towards 1st support, in line with -27.2% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
GBPAUD facing bearish pressure, potential for further downside!Prices are facing bearish pressure from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push down towards horizontal swing low support which is in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extensions. EMA is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
1
GBPAUD facing bearish pressure | 23rd Apr 2021Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension , and 161.8% Fibonacci retracement . If prices push higher, prices might face resistance from 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension , and 127.2% Fibonacci retracement . EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
3
GBPAUD facing bearish pressure | 23rd Apr 2021Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension, and 161.8% Fibonacci retracement. If prices push higher, prices might face resistance from 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension, and 127.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
1
GBPAUD facing bearish pressure | 22th Apr 2021Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci retracement and 78.6% Fibonacci extension , in line with horizontal swing high resistance. EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM