GBP/AUD: SHORT from Resistance area in STRONG DOWNTREND SELL

5 Sep 2022

GBP/AUD inside a strong Downtrend and Bearish channel, in the last session, come back to retest the Resistance at 1.6950 and today open the market with a Bearish candle, yes the situation seems uncertain but, as you can see the price still under 50 Moving average, the RSI turned Bearish again ( Looks the pattern with retest on RSI ) and the Stochastic it's outside the Overbought area with the tendency to fall down. Our bias is about a continuation of the main tendency, a downtrend with a new Push down.

5 Sep 2022

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