In this video, we discuss our argument for a sell on the weekly time frame for GBP/AUD. This is based on Friday’s close as a bearish pin bar reversal, rejecting a major Fibonacci level and an ABCD completion. We plan to sell as price breaks the low of last week with our protective stop-loss above the high in anticipation of a medium-term move to the downside.
By Rob ColvilleSource: Investing.com