Is British Pound (GBP) Really Strong? GBP To (AUD) Australian Dollar

Is British Pound (GBP) Really Strong? GBP To (AUD) Australian Dollar

GBPAUD – Potential Bearish Reversal! GBPAUD is sitting around a strong resistance zone in green so we will be looking for sell setups
on H1: GBPAUD formed a valid wedge pattern in red but it is not ready to go yet.

Trigger => Waiting for a momentum candle close below the last low in gray to sell.

GBP To AUD (GBP/AUD)

Meanwhile, until the sell is activated, GBPAUD can still trade higher.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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