GBPAUD
Here is our view on GBPAUD. Potential short opportunity.
GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250. Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level). Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261.
Keep in mind this trade will take some time to be completed.
PARAMETERS
- Entry: 1.94250
- SL: 1.95322
- TP: 1.91261
KEY NOTES
- GBPAUD is in a downtrend for the past month.
- Broke below the KDZ (Key Demand Zone) and is now retesting it.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250. Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level). Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261.
Keep in mind this trade will take some time to be completed.
PARAMETERS
- Entry: 1.94250
- SL: 1.95322
- TP: 1.91261
KEY NOTES
- GBPAUD is in a downtrend for the past month.
- Broke below the KDZ (Key Demand Zone) and is now retesting it.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
Join us for free at t.me/fxpocket or visit fxpocket.com
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.
Join us for free at t.me/fxpocket or visit fxpocket.com
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.