Nice GBP/AUD re-test

3 May 2020

- Price broke major support from 2019 low, now resistance

- Bulls running out of steam as we reach the former support line

- Looking for entry opportunities this week in shorter time frames

7 May 2020

İşlem kapandı: hedefe ulaştı

Ok so that was fast. The quick move downward was powered by the British Pound, as Britain's construction sector marked massive losses as well as the BoE maintaining a 'gloomy' attitude towards interest rates. Looks like we were on the right side of the news this time.

Important to note that this is now a solid bear market, and we should be looking for more shorts to come on the 4H