GBPAUD: Pushing into the PCZ of a Bearish Shark

13 thg 2

GBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and AUDUSD pairs.

It is possible that the GBPAUD pushes above 1.95 for a short amount of time, I will likely continue shorting into 1.955