GBPAUD on Shorting Pressure! Let's See How it goes? {08/08/2023}
Updated
Educational Analysis says GBPAUD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because GBPAUD Facing Bear or Short Traders Pressure From this area to go down.
This pair has started to make a change of character.
So this will be my trade set up to earn 5000 pips on this pair.
The market is bearish and I don't see this pair will make any new high upto my target profit level.
The black line is the Order block
The Blue line is high and low at the current price.
Trendline is also a blue line consisting of 2 joints on both sides to make the trendline valid.
Sell Limit Order at 1.95503
Stop Loss at 1.95655
Take Profit at 1.90712
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because GBPAUD Facing Bear or Short Traders Pressure From this area to go down.
This pair has started to make a change of character.
So this will be my trade set up to earn 5000 pips on this pair.
The market is bearish and I don't see this pair will make any new high upto my target profit level.
The black line is the Order block
The Blue line is high and low at the current price.
Trendline is also a blue line consisting of 2 joints on both sides to make the trendline valid.
Sell Limit Order at 1.95503
Stop Loss at 1.95655
Take Profit at 1.90712
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
Order cancelled
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.