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British Pound / Australian Dollar
Short

GBPAUD Potentially Bearish on H4

By Mbjoey
Updated
GBPAUD Has broken the most recent H4 trendline and equally broken the strong support around the 1.92000. I will wait for the retest of the zone before taking an entry around the 1.92000 area. When that happens, I will target
1. 1.90380 and
2. 1.89187
with my stop at 1.92696

A break above the 1.93208 will mean the bearish condition is invalid and will look for a potential long

Disclaimer:

All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Trade active
Price eventually came back to the zone and now is active, currently in about 37 pips in. Breakeven if you took it with me
Trade active
First target @1.90380 reached
Chart PatternsGBPAUDgbpaudanalysisgbpaudbreakoutgbpaudideagbpaudsetupgbpaudshortgbpaudsignalgbpaudsignalsgbpaudtradeTechnical IndicatorsTrend Analysis
Mbjoey
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