$GBPAUD - Bearish flag trade setup
Hello guys!
Lockdown announcement will further affect the British Pound.
On September 22, prime minister Boris Johnson announced new national rules that could apply for the next six months or more. Do not panic, read the lockdown guidelines first, bars and pubs are still open until 10PM and deliveries are always open, so you will get your boose to watch APL. :)
Technicals:
GBPAUD has formed a bearish flag and most likely GBP will break the dynamic support and continue the bearish trend in the short-term.
Go short from this point and place SL above 1.79000 (risky as it might jump to test the dynamic resistance once again) or wait for a breakout and place a short order there. Up to you!
Lockdown announcement will further affect the British Pound.
On September 22, prime minister Boris Johnson announced new national rules that could apply for the next six months or more. Do not panic, read the lockdown guidelines first, bars and pubs are still open until 10PM and deliveries are always open, so you will get your boose to watch APL. :)
Technicals:
GBPAUD has formed a bearish flag and most likely GBP will break the dynamic support and continue the bearish trend in the short-term.
Go short from this point and place SL above 1.79000 (risky as it might jump to test the dynamic resistance once again) or wait for a breakout and place a short order there. Up to you!
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