GBP/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.90281 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 1.91000 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 1.88986 which is a...
After a tremendous rally, we have seen a great deceleration forming a Head and Shoulders formation on the daily chart. Being the head in a monthly key level.
Now the price is just below the weekly level of 145.
If we want to add some confluences, we can see the sell set up/flag pattern formed on the H1 chart.
The tp will be at the next monthly level, which...