GBPAUD Weekly: Do We Have A Medium-term Sell? [Video]

Rob Colville The Lazy Trader

We discuss our argument for a sell on the weekly timeframe for GBPAUD. 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.

Author

Rob Colville

The Lazy Trader

The self-styled “Lazy Trader” has trained thousands of private investors around the globe and has created a globally renowned currency training brand, The Lazy Trader.

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