Nice GBP/AUD re-test

3 thg 5, 2020

- Price broke major support from 2019 low, now resistance

- Bulls running out of steam as we reach the former support line

- Looking for entry opportunities this week in shorter time frames

7 thg 5, 2020

Đóng lệnh: đạt mục tiêu

Ok so that was fast. The quick move downward was powered by the British Pound, as Britain's construction sector marked massive losses as well as the BoE maintaining a 'gloomy' attitude towards interest rates. Looks like we were on the right side of the news this time.

Important to note that this is now a solid bear market, and we should be looking for more shorts to come on the 4H