GBPAUD Short Set Up

Singkat

Paun British / Dolar Australia (FX:GBPAUD)

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FX:GBPAUD Paun British / Dolar Australia

The pair is currently rebounding from the bottom of the Kumo cloud and the baseline trend line. I wont trade it to the upper side as i believe it would be for very short term only, given the current RSI- Price divergence.

Anyway, I expect the price to rebound touching the upper limit of the cloud before finally breaking downward out of the trendline and out of the Kumo cloud.

Komen:

Daily chart showing double top formation, which is a good reversal pattern so I wont go long for this pair. In stead I would wait for the downward breakout to short it.

Komen:

We could see a head and shoulder formation on the 4H chart, which would give us a great entry opportunity and technically strength the short idea.

Komen:

Penafian

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