Since the last review of the market, there has been one sell signal on GBPAUD, it was on August 15th. Personally, I did not trade it, but I think it is worth discussing.
GBPAUD
As can be seen on the 4-hour chart, the GBPAUD is in a downward trend, where the correction of the last impulse took place, which led the quotations to the Fibo zone of 33-66%.
In turn, on the 30-minute chart, we can see how the quotes tested the upper limit of the resistance zone (66%), but the buyers failed to overcome it, which led to a breakdown of the sequence of growing lows and highs.
The sell signal was made at the moment of setting the lower low, after closing the candle marked with the price. With the basic method of keeping the position, some of the profits would have already been posted, and some would be secured on break-even.
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AUDCAD
There is a downward trend on the AUDCAD currency pair. Currently, the correction of the last impulse is in the resistance zone (lifting 33-66%), closer to the upper edge of this zone, which may encourage to open sell positions. Similarly, looks situation on AUDUSD.
USDJPY
On the USDJPY currency pair, after breaking new lows, the short-term downward trend is continued. The potential completion of the correction can be used to take a short position.
GOLD
The correction on GOLD is approaching 66% of the abolition of the last impulse. You can look here for sell opportunities after a strong signal. However, after closing the quotations on the 4-hour chart over 66% lifting, the gold will fall out of the watch list.
