TradeWithMky

gbpaud short passed lower low

Short
FX:GBPAUD   British Pound / Australian Dollar
Hi
I have some good reasons that gbpaud is going to fall
i placed some channels such as H1 / H2 / H4 / daily / weekly
I found we are facing with a downtrend right know
price just passed lower low so we expect continue bearish
support and resistance lines Confirm this too
right know target is placed by fibonacci + next strong support

but there is something that i need to mention
right know we have oversold RSI and tired price so we expect maybe a calm price or maybe pull back
as you know 1/1 risk/reward is not favorite Soo its better to watch chart to find best Entry ( pull back or retracement )


hope you enjoy this


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