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GBP/AUD BEST PLACE TO SELL FROM|SHORT

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Paun British / Dolar Australia (FX:GBPAUD)  
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FX:GBPAUD   Paun British / Dolar Australia
Trend Analysis Chart Patterns Wave Analysis GBPAUD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GBP/AUD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.925.

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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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Penafian

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