FXEntries

Potential GBP/AUD Sell Trend Continuation Opportunity.

Short
FX:GBPAUD   British Pound / Australian Dollar
I will be looking to take a sell trade from around the 1.91000 level expecting a trend continuation looking for price to fall into 1.86500 level over the next few weeks.

From a technical perspective a long term trendline has been broken on the Daily / Weekly timeframe.

The market is bearish on the monthly timeframe.

A stop loss above 1.92000 would seem to be a great protective area with a strong level of resistance formed on the 4HR timeframe.
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