GBP/AUD Bears Are In Control

The GBP/AUD is at highs. However, the pair should drop as the price is losing momentum.

On a daily time frame, the price has made a new lower high and a very strong bearish candle. Additionally, it below the monthly and quarterly pivots. Historical sellers are here. the 1.8390 zone is a selling zone. We should see a drop towards 1.8202 which is my target for short trades.

(Click on image to enlarge)

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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