Watching the GBPAUD chart today I realized that a bearish trend is occurring and that is because the red arrow shown on the chart as well as the price of 1.8715 which is considered a peak is a matter of fact that strong resistance prevents the price from breaking through. and head to it and that is of course if the trend continues strongly towards the bearish direction.
However, the parabolic sar points now appear above the candle sticks, which means the price will go down for some time.
If we are going to take sell sell as the main trade then the support found at 1.8645 will be the best as a starting position to take profit and there is also a big opportunity for prices to head north after reaching that.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics