Sell Opportunity
Signal: Sell
Instrument: GBP/AUD (British Pound / Australian Dollar)
Timeframe: 4-Hour Chart
Entry Price: 2.01168 (current price level)
Stop Loss: 2.02085 (above recent high resistance, ~91.7 pips)
Take Profit: 1.95160 (target zone, ~600+ pips)
Risk-Reward Ratio: 6.64 (high reward relative to risk)
Technical Analysis:
Resistance Rejection:
The price has reached strong resistance near 2.02085 and shows signs of rejection, creating a bearish opportunity.
Volume Profile:
The volume profile indicates high volume at lower levels, suggesting a potential return toward equilibrium around the 1.97968 and 1.95140 zones.
Support Levels:
The target aligns with historical support zones around 1.95140, where price consolidation has occurred before.
Risk/Reward Ratio:
The setup has a favorable risk-reward ratio of 6.64, making it a high-probability trade.
Instrument: GBP/AUD (British Pound / Australian Dollar)
Timeframe: 4-Hour Chart
Entry Price: 2.01168 (current price level)
Stop Loss: 2.02085 (above recent high resistance, ~91.7 pips)
Take Profit: 1.95160 (target zone, ~600+ pips)
Risk-Reward Ratio: 6.64 (high reward relative to risk)
Technical Analysis:
Resistance Rejection:
The price has reached strong resistance near 2.02085 and shows signs of rejection, creating a bearish opportunity.
Volume Profile:
The volume profile indicates high volume at lower levels, suggesting a potential return toward equilibrium around the 1.97968 and 1.95140 zones.
Support Levels:
The target aligns with historical support zones around 1.95140, where price consolidation has occurred before.
Risk/Reward Ratio:
The setup has a favorable risk-reward ratio of 6.64, making it a high-probability trade.
GODO Capital Markets
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