📊 GBP/AUD Analysis
🔹 Entry Level: 1.99420
🔹 Security Level: 2.0400 (The price must not break this level with at least two candles to maintain the bearish direction).
🔹 Final Target (TP): 1.97780 🎯
✴️ There is a key resistance at 1.99712. Remaining below this level strengthens the bearish trend towards the final target.
⚠️ Important Note: The security level (2.0400) is the limit that the price must stay below to ensure the bearish momentum continues.
📌 Overview:
If the price stabilizes below 1.99712 ✅, we are targeting a direct move to 1.97780.
⚠️ This is not financial advice. Always use proper risk management in your trades!
🔹 Entry Level: 1.99420
🔹 Security Level: 2.0400 (The price must not break this level with at least two candles to maintain the bearish direction).
🔹 Final Target (TP): 1.97780 🎯
✴️ There is a key resistance at 1.99712. Remaining below this level strengthens the bearish trend towards the final target.
⚠️ Important Note: The security level (2.0400) is the limit that the price must stay below to ensure the bearish momentum continues.
📌 Overview:
If the price stabilizes below 1.99712 ✅, we are targeting a direct move to 1.97780.
⚠️ This is not financial advice. Always use proper risk management in your trades!
Trade active
When the price respects the safety level without penetrating it with two full candles, and is content to fluctuate near it before bouncing, this reflects the importance of this level as a strong resistance area.Trade closed: target reached
BY CHEEF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BY CHEEF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.