GBPAUD Daily Sell - fake out rejection, bearish trend coming soo
GBPAUD recently experienced a fake out on the 4hr chart, which rejected back to the consolidation zone. However, the current trendline is on the verge of being broken, and once that happens, a bearish trend is likely to ensue, and we can take advantage of sells. It is important to keep an eye on the price action today or next week, as a break of the trendline could confirm the bearish trend.
Trade active
Trade closed: target reached
+5% :)Trade active
Reentered with a small lot. Since there is a lack of consolidation, trade at your own risk.Trade closed: stop reached
Stop Loss hit, -0.5%
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Related publications
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.