The GBPAUD is trading in a bearish condition, yesterday I was waiting for the GBPAUD to break the bottom of the range and it broke it earlier today, retraced back to the short term resistance and formed a significant pattern with downward pressure (this is what made me set my short stop order):
Entry stop: 1.4761
It still is a pending order, and I will cancel it if it closes above the high of the pattern that triggered the order. I’ll keep you updated.
Tags: GBPAUD Analysis