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nakedchartist

GBPAUD at Resistance confluence

Short
British Pound / Australian Dollar (FX:GBPAUD)  
nakedchartist  
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD Trend Lines Parallel Channel fib6
2
0
gbpaud trendline parallelchannel fib6
Has the downtrend changed?
Right now, price is at a confluence of f6 , day trendline and ED channel resistance.
A break means a new ERA but I am more bias for a short which is with trend but against momentum.
I will be waiting for a h1 channel setup for specific quantifying of SL and EP.
Right now this h1 setup is not fully formed yet.

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