gbpaud h4 short from resistance tp +250 pips
Updated
🔸Hello traders, let's review the 4hour chart for GBPAUD today. Strong
V-shape recovery in progress, however also expecting a decent/normal
pullback once we hit the strong overhead resistances.
🔸Heavy overhead resistances will trigger a pullback. Resistances set
at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level
below at 9265 will be likely targeted by the bears in the pullback mode.
🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near
resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips
final TP exit at 9550. swing trade setup, time required to hit both targets.
good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
V-shape recovery in progress, however also expecting a decent/normal
pullback once we hit the strong overhead resistances.
🔸Heavy overhead resistances will trigger a pullback. Resistances set
at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level
below at 9265 will be likely targeted by the bears in the pullback mode.
🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near
resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips
final TP exit at 9550. swing trade setup, time required to hit both targets.
good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
expecting reversal from overhead
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⚡️signals based on whale activity
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