nbnkuleko

GBPAUD - Short - Bat pattern completed

Short
FOREXCOM:GBPAUD   British Pound / Australian Dollar
1. D leg reached at quite a strong resistance level.
2. Prices reached 200MA level which generally acts as dynamic support / resistance.
3. Completion also matches with bigger downtrend 50% retraceement level.
4. RSI currently oversold which gives a further signal to sell.
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