GBP/AUD

Category: Fundamental News

INSTRUMENT: GBP/AUD
ANALYSIS: In the 1hr chart, the price formed a symmetrical triangle and it’s presently at Wave e which marks the end of the correction. The price has also retested the 200SMA and we will be expecting the price to breakout below the lower trendline of Wave b & d. The downtrend is expected to reach 127% Fibonacci extension level. A break above 1.82411 invalidates the analysis.
PREFERENCE: Bearish

Published: 2018-10-02 06:56:00