GBP/AUD: Bear Flag Trade

 | May 03, 2021 08:23AM ET

h2 Bearish  

GBP/AUD is currently at 1.7931 in a channel and a bear flag. 

If we can break the flag, we are looking for an immediate move to the ATR target at 1.7771.

Watch the USDX for any change in direction. The ATR for the pair currently is 127 pips per day.