ShanmukhamKumarappan

A good short entry in GBPAUD presented itself

Kort
FX:GBPAUD   Brittiska pund/Australiensiska dollar
There are several reasons to go short here :

1. The downward trendline. The fact that price did not touch the trendline is a pain, but the trendline does support a bearish stance.
2. The purple horizontal region served as good resistance, as evidenced by the numerous wicks. You could have actually shorted there, relying purely on this price action.
3. Notice the Moving Averages. They not only serve as resistance, but also guide price action downwards.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.