GBPAUD: way overextended and is due to a proper retracement
GBPAUD has been in an abnormal rising manner, that is way too extended for a bull without a proper retracement.
I guess this pair is due to some retracement, considering the divergences between RSI and price, the number of overbought bars exceeded the usual plus the negatively corrolated pair EURGBP has taken off finally after a nerve wreking reversal.
I guess this pair is due to some retracement, considering the divergences between RSI and price, the number of overbought bars exceeded the usual plus the negatively corrolated pair EURGBP has taken off finally after a nerve wreking reversal.
Kommentera:
looking good so far! lets hope it continue the rally to 1.85