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GBP/AUD W H3 Confluence For New Short Trades

By:
Nenad Kerkez
Published: Jan 12, 2021, 07:33 GMT+00:00

The GBP/AUD might possibly complete the retracement soon and we should see a move down.

GBP/AUD W H3 Confluence For New Short Trades

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The GBP/AUD might possibly complete the retracement soon and we should see a move down.

The POC zone 1.7599-1.7623 is additionally supported by the W H3 camarilla pivot. We can also see the D H5 resistance which adds to existing confluence. The pair should make a move down towards 1.7521 and 1.7480. If the targets are reached then it will be a decisive point for the pair. Either continuation down to 1.7459 or a move to the upside as a retracement again.

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Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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