GBPAUD shorts

9 Ağu 2024

I believe that GBPAUD is due for sells today. Here is why;

• Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders.
  
• There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future.
  
• Moreover, there is a lower low formed on the 4h timeframe which shows me that price will continue going lower.
  
• I am currently in a short trade. I am expecting price to collect orders at 1.9370, where I will sell again.
  
• My targets are 1.9300