YGForex

GBPAUD: Nice rejection for a short opportunity!!!

Short
FX:GBPAUD   British Pound / Australian Dollar
As we can see price level for GBPAUD managed to fakeout from a resistance level @1.8130, showing us that the consolidation phase is not over. Price ranging from 1.7880 - 1.8330. There is no clear direction as of now and what I will be seeing is trading rejections from this level as of now. Therefore, I am seeing a good sell opportunity for GBPAUD. (Short term) Refer to lower timeframe when you trade this pair. Using ichimoku cloud, we can see that the BEARS is definitely taking over for now.

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