Get started
Pika7993

Sell Analysis

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Pika7993  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPAUD Relative Strength Index (RSI) support Support and Resistance
3
0
trendanalysis chartpattern indicator gbpaud relativestrengthindex support supportandresistance
Presented is a 1 hr chart sell analysis between support and resistance.

We see a retest and rejection at 1.83500. We can justify a straight channel trading scenario with the bears attempting to retest and breach 1.82000 which is our take profit target.

MACD/SIGNAL lines have crossed and heading for zero line while RSI made a leap to breach 50 for continuation further towards the oversold zone.

Stop loss above current channel resistance. Please comment with thoughts and ideas. Thankyou.
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.