GBP/AUD signal for a new short

GBP/AUD 22.08.2016

D1 chart

Long and medium-term trend, correction at levels of horizontal and diagonal resistance. Lower tops and lower bottoms.

Price action signal – Pin bar at levels of diagonal and horizontal resistance

Technical indicator

Stoch Oscillator – in overbought are and turning – negative signal

SL: 1.7340

If the price goes above the top of the pin bar and makes a new peak, this will break the negative scenario.


 Varchev Traders

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