Get started
Mamou-Q

GBPAUD: way overextended and is due to a proper retracement

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
Mamou-Q Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns GBPAUD EURGBP
7
1
trendanalysis chartpattern gbpaud eurgbp
GBPAUD has been in an abnormal rising manner, that is way too extended for a bull without a proper retracement.

I guess this pair is due to some retracement, considering the divergences between RSI and price, the number of overbought bars exceeded the usual plus the negatively corrolated pair EURGBP has taken off finally after a nerve wreking reversal.
Comment:
looking good so far! lets hope it continue the rally to 1.85
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.