GBP/AUD - SHORT

9 de fev. de 2017

My view of GBP/AUD - as we can see we have respected a key level of 1.64300 on multiple occasions and currently we are retesting this resistance. 4H candles show lots of indecision and a possible exhaustion of the previous bullish run from recent lows of 1.62000. Daily TF also adds confluence with a doji formed on yesterdays daily candle. On the 1H TF it is clear that we are stuck between a price range of 1.64000 - 164300. A break and close below the neckline of 1.64000 on the 4H TF will trigger a short entry for me. However a break above 1.64300 will invalidate this short setup.

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