BUY GBPAUD

Fundamental analysis: The AUD is under pressure with the current geopolitical situation.
The GBP remains a priori stronger than the EUR.
By intercomparison, GBPAUD should rise.

Retail sentiment: 59% on sale

Technical Analysis:

- Low of a bullish trendline
- The price has corrected the 0.618 of the last bullish implusion.
A BOS and break from the trendline could offer buying opportunities.
I remain patient.

Comentarios:

The price did not really break the 1.93300 level and we can now see a bearish divergence on the RSI.
So I did not enter the trade. I remain attentive to the evolution.

Orden cancelada:

I did well not to take that trade