Price has reached a major resistance level for the GBP/AUD and had a cross to the downside at the 80 level, on the D1 timeframe. This is a good entry for a short position with a low risk level for the possible trend reversal.
What Others Are Predicting
- Price has reached a strong resistance level on the D1 timeframe.
- Cross to the downside of the 80 level
- Set SL above the previous resistance level of 1.92000
Our short target range is 1.88000 – 1.82000
Cheers to another successful week!