goaldigger888

GBPAUD approaching Trendline (potential short term short)

Short
FX:GBPAUD   British Pound / Australian Dollar
Price is currently on an uptrend momentum within a Daily ascending channel. Now it's at Monthly key level, as well as Weekly tops ascending Trendline. So I wanna wait for some price action reversal pattern to show up after rejecting this zone, before riding down until the Daily zone (pink box) there as first target, or maybe further, depending on price action patterns that will show up.

*This is my personal view based on TA only, trade at your own risk.
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.