GBP/AUD:
The GBP/AUD D1 chart reversed lower after hitting a November 2021 low. It can be seen that although the price has been continuously raised, the RSI indicator has been continuously lowered, and the top divergence pattern has been formed.
The H1 chart continued to fall after a slight recovery yesterday. At this stage, the price is also forming the third wave of decline, which is expected to fall to the key support level below. And the RSI indicator also formed a death cross. The price is expected to fall to the key support level below. After touching it, you can pay attention to the support level below as the key position for a reverse rise.
Suggestions for ordering:
Enter the market at a high level to go short, and after the price reaches the lower support level, you can find an opportunity to enter the market and do long.
All transactions involve risks, and the above analysis is for reference only. Be sure to set the number of hands and remember to set a stop loss when placing an order.
