GBP/AUD - dead cat bounce, time to short the market

market price reached upper long term trend line which is very strong resistance I expect many sellers entering the market at 1.90250 - 1.90750 . I expect a correction movement as drawn in the chart which can bring real quick profit (30-40 %).

-RSI baseline on daily is heavy overbought, expect sellers coming into the market
-MACD baselines reached the top and looking for bearish crossing which brings sellers into the market

ความคิดเห็น:

the green line is of course support and not resistance

ความคิดเห็น:

try to open short as described in the area of 1.90250 - 1.90750

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