Pressure pattern on GBPAUD
The price is pushing strongly into resistance after breaking and retesting the 200 Daily SMA.
The 100 Daily SMA is about to touch the 200 Daily SMA. A break of the short term MA above the long term MA would signal a bullish scenario.
A break below the trendline would probably lead to more sideways trading into the end of the year.
The 100 Daily SMA is about to touch the 200 Daily SMA. A break of the short term MA above the long term MA would signal a bullish scenario.
A break below the trendline would probably lead to more sideways trading into the end of the year.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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