Potential Short Opportunity for GBPAUD

While i am not taking any open positions for GBPAUD yet, i believe there is a potential short opportunity for the pair and it is definitely worth to be put on our watch list. I will look for a price breakout towards the down side before opening a short position on pullback. While the risk-reward ratio is not ideal, i believe it is compensated by the fact that it is a high probability trade.

Only time will tell !