GBP/AUD Alert: Potential 98-Pip Opportunity with Latest SELL Sig
GBP/AUD 4H Analysis: Aiming for a 98-Pip Drop with New SELL Signal
Hello Traders,
Let's take a look at the GBP/AUD on the 4-hour chart, where we’ve just spotted a fresh SELL signal, hinting at a potential downward move.
Key Points:
- SELL Signal: We got a SELL signal around 1.95666, suggesting that the recent upward momentum might be losing steam.
- TP Zone: The target profit zone is between 1.95152 and 1.94690, offering a potential gain of around 51 to 98 pips from the entry point.
Market Structure: The price seems to be reacting to a resistance level, which could push it down towards our TP zone. Our trend indicators are also showing a bearish bias, which supports this potential move lower.
Trading Plan:
-Bearish Outlook: If the price moves as expected, setting your targets within the TP zone of 1.95152 to 1.94690 could offer a solid return. It’s important to keep an eye on how the price behaves as it approaches these levels.
- Risk Management: We typically adjust our positions based on new signals, allowing for flexibility in volatile markets. This approach helps in refining entry and exit points, so keep monitoring the price action and adapt as needed.
Friendly Reminder: This analysis is just a trade idea and should be considered as part of your broader trading strategy. Always do your own analysis to make sure it fits your risk tolerance and overall plan.
Hello Traders,
Let's take a look at the GBP/AUD on the 4-hour chart, where we’ve just spotted a fresh SELL signal, hinting at a potential downward move.
Key Points:
- SELL Signal: We got a SELL signal around 1.95666, suggesting that the recent upward momentum might be losing steam.
- TP Zone: The target profit zone is between 1.95152 and 1.94690, offering a potential gain of around 51 to 98 pips from the entry point.
Market Structure: The price seems to be reacting to a resistance level, which could push it down towards our TP zone. Our trend indicators are also showing a bearish bias, which supports this potential move lower.
Trading Plan:
-Bearish Outlook: If the price moves as expected, setting your targets within the TP zone of 1.95152 to 1.94690 could offer a solid return. It’s important to keep an eye on how the price behaves as it approaches these levels.
- Risk Management: We typically adjust our positions based on new signals, allowing for flexibility in volatile markets. This approach helps in refining entry and exit points, so keep monitoring the price action and adapt as needed.
Friendly Reminder: This analysis is just a trade idea and should be considered as part of your broader trading strategy. Always do your own analysis to make sure it fits your risk tolerance and overall plan.
Trade closed: target reached
GBP/AUD 4H Update: TP1 Hit After SELL Signal – 51 Pips Secured
The SELL signal at 1.95666 has hit TP1 at 1.95152, delivering a solid 51 pips gain. Now, it's crucial to manage your risk—whether by setting breakeven, securing a stop loss in profit, or adjusting your strategy accordingly. Stay proactive and adapt as the market evolves!
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.
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.