GBPAUD SHORT

The GBP had a killer week this week, seeing a 2.54% increase in value across the board. We are now approaching strong resistance levels on most match-ups for the GBP, with this being my favorite. We have made a nice strong push higher, setting a new Higher High this past week. Price has now hit a strong Weekly resistance and formed a shooting star/ bearish doji candle on the zone (a bearish reversal pattern). Price is very extended and a mean reversion is in pace, seeing for a nice short setup this week.