SHORT trade analysis on GBPAUD.
Symbol is in nice downtrend on larger charts, so I decided to check 1h chart for new sells. Graph is looking bearish from upper trendline of Falling Wedge and strong resistance zone. Price recently made Hidden Bearish Divergence as well, confirming another fall. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
You can also check analysis from last week on GBPAUD where i already predicted price drop scenario on larger - 4h chart.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Symbol is in nice downtrend on larger charts, so I decided to check 1h chart for new sells. Graph is looking bearish from upper trendline of Falling Wedge and strong resistance zone. Price recently made Hidden Bearish Divergence as well, confirming another fall. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
You can also check analysis from last week on GBPAUD where i already predicted price drop scenario on larger - 4h chart.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
