GBPAUD: Bearish Outlook 🇬🇧🇦🇺

Short

British Pound / Australian Dollar (OANDA:GBPAUD)

Updated

OANDA:GBPAUD British Pound / Australian Dollar

Trend Lines Supply and Demand Elliott Wave forecast GBP GBPAUD aud australiandollar pound Forex trading

trendline supplyanddemand elliottwaves forecast gbp gbpaud aud australiandollar pound forex trading

snapshot

Hey traders,

GBPAUD is retesting a very peculiar zone of confluence at the moment:
we see a perfect match between a horizontal structure resistance and a broken rising trend line.

I will expect a bearish movement from the underlined area at least to 1.7235

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Comment:

Check my new idea on GBPUSD:

GBPUSD: Classic Bearish Setup 🇬🇧🇺🇸

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