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khansalarehsan

A great opportunity for Shorting GBPAUD

Short
British Pound / Australian Dollar (FX_IDC:GBPAUD)  
khansalarehsan Updated   
FX_IDC:GBPAUD   British Pound / Australian Dollar
Trend Analysis
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trendanalysis
After a flash crash in AUD, it is nicely bouncing off the supports. Here is weighted average AUD and I expect AUD to visit the upper band of the wedge formation.

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At the same time see AUD 10 years Yields. Exactly the same pattern and any fresh high in daily Yields means Bullish move will continue.

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Now see weighted average Sterling. Beautiful pullback off the upper band of the wedge

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So we will have weaker GBP and stronger AUD

Comment:
A great spot to Add. See yesterday's daily shooting star following a nice daily candle today pulling back off the EMA 14 and 21.


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