GBP/AUD currency pair analysis
The general trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave С (1.7574).
Stop-loss is over the structure’s local maximum.
Target levels: 1.7405; 1.7183.
