GBP/AUD FALLING: DEATH CROSS + CHANNEL BREAK

GBP/AUD convincingly broke through its channel, which held strong since early September. Accompanying this break-through, a bearish cross of the MA50 and MA200 (so called death cross) happened a few bars earlier.

Target 1 should be an area where you want to unload some of your positions, in case the price will rebound from the support line. Target 2 could be reached with enough volatility, but dont be sure of it.