Hi guys, the GBPAUD has been very bullish over the past few days, but that trend is about to run out of steam. The current build-up suggests another push up. The pair is likely to find strong resistance and bounce. This will support the current wedge formation.
The longer term market barometer supports this idea. The AUD has one good push remaining before it will be over-extended.
I will sell near resistance and ride it back down near support.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
The longer term market barometer supports this idea. The AUD has one good push remaining before it will be over-extended.
I will sell near resistance and ride it back down near support.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.