TradersChoice_Kieran

GBPAUD potential short areas

Short
FX:GBPAUD   British Pound / Australian Dollar
Extremely messy pair recently with an unsettling sell off now reaching support level 1.812. price has created a major double top pattern so this support could be broken and head further only after confirmation. if the pound gains strength over the next few days we could look for a short position at this current resistance level 1.83 as we cant see any long term buys until the 50% fib level (red area) is broken

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.