GBPAUD Simple Trade Plans For This Week

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GBPAUDs rally post UK elections / Hawkish RBA has brought us a considerable retracement to create another lower high. BOE looks like easing may come relatively soon, much sooner than Aus.

Likely short side entries may come into markets as traders pull gains off the table amid current market sentiment (long term).

Shorts preferred.
Nota
Very Ideal Short Areas Hit (inline with various PA areas).

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Nota
Clear D Rejection off long term TL and 100% fib.

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Chart PatternsGBPAUDTechnical IndicatorsTrend Analysis

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