GBP/AUD bears seeking downside extension. A discount from current support on the cards. GBP/AUD is on a southerly trajectory on the longer-term charts and the following illustrates where the next opportunity could arise from a market structure perspective. Daily chart The daily chart shows that there is the potential of a daily downside extension following a significant correction to the prior structure. 4-hour chart The bears are waiting to pounce at the 21-EMA on the 4-hour chart. 1-hour chart As for the 1-hour chart, the conditions are already bearish according to the Momentum indicator. That being said, a discount from the support is still not out of the question. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Polkadot price preparing to launch a 60% rally FX Street 2 years GBP/AUD bears seeking downside extension. A discount from current support on the cards. GBP/AUD is on a southerly trajectory on the longer-term charts and the following illustrates where the next opportunity could arise from a market structure perspective. Daily chart The daily chart shows that there is the potential of a daily downside extension following a significant correction to the prior structure. 4-hour chart The bears are waiting to pounce at the 21-EMA on the 4-hour chart. 1-hour chart As for the 1-hour chart, the conditions are already bearish according to the Momentum indicator. That being… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
