GBP.AUD - Continued Downside Expected

Currency Pair: GBP.AUD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

GBP.AUD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

Yorum:

A perfect example as to why awaiting for a breakout is essential.
Price has now broke above all intraday resistance levels which invalidates the trade idea.