GBPAUD 240 short – RSI trend break and failure swing

2020-01-13 01:59:24

Possible but not confirmed break in the UT (since 30 July 2019) on 16 Dec 2019. To confirm the break we would see a new LL. Current observations are a break in the RSI trend accompanied by a formation of a failure swing. Looking to see a break in the PA trendline as a trigger to enter the short trade – if it happens this would break both dynamic support (in blue) and a previous HL (in green). Sorry for the teeny tiny chart I am working on my laptop.