NickLindleyFx
Short

GBP/AUD Shorts favoured

FX:GBPAUD   British Pound / Australian Dollar
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Originally on this pair I favoured a bullish run after price formed a doji on the weekly support of 1.6300's However this was suddenly cut as this weeks candle closed as a very bearish doji , indicating we are due a further leg down.

On the above daily, I can see consecutive lower highs forming with price looking to put in place a 4th lower high after sharply rejecting the 50ema. Personally I won't be entering a position on this pair as I have missed my preferred entry and I don't want to chase price!

However my bias remains firmly bearish and I believe price will fall to hit 1.59061 and even further to create new lows.
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