GBPAUD (1H) – Bullish Divergence Buy Setup
GBPAUD has been in a short-term bearish trend on the 1-hour chart, but a bullish divergence on the RSI oscillator suggests selling momentum is weakening and a reversal may be beginning. We propose a market buy entry with defined stop and target levels to manage this potential bounce.
Entry: Market Buy (GBPAUD at current price)
Stop Loss: 2.04803 (below recent swing low)
Take Profit 1: 2.08469
Take Profit 2: 2.10350
Risk/Reward: ~1:1 to TP1, ~2:1 to TP2
Stop is placed just below the recent low as a protective measure, and profit targets align with key resistance levels. Overall, this trade offers a favorable risk-reward profile consistent with the bullish divergence reversal setup.
GBPAUD has been in a short-term bearish trend on the 1-hour chart, but a bullish divergence on the RSI oscillator suggests selling momentum is weakening and a reversal may be beginning. We propose a market buy entry with defined stop and target levels to manage this potential bounce.
Entry: Market Buy (GBPAUD at current price)
Stop Loss: 2.04803 (below recent swing low)
Take Profit 1: 2.08469
Take Profit 2: 2.10350
Risk/Reward: ~1:1 to TP1, ~2:1 to TP2
Stop is placed just below the recent low as a protective measure, and profit targets align with key resistance levels. Overall, this trade offers a favorable risk-reward profile consistent with the bullish divergence reversal setup.
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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.