GBPAUD: Are you ready for all hell to break loose?
Failure inside the MA band (1) & extremely close to the 50% retracement (2), within a short-term downtrend (3), are all things that when put together indicate that this pair has a very good chance of diving from current levels. If you add that to what the daily chart says (posted 2 days ago), and you have a horrible situation in the making.
1.85 is not as far as it seems!
Good Trading & Good Luck!
Munther T. Marji CMT
1.85 is not as far as it seems!
Good Trading & Good Luck!
Munther T. Marji CMT
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