GBPAUD SHORT
GBPAUD SHORT:
The market is currently at a key resistance level on the daily charts. We may expect a pullback for some time now, as this level serves as a significant horizontal level on the daily chart. Furthermore, when we examine the 1-hour chart, there is a clue indicating a potential trend reversal pattern known as the double top pattern. The neckline of this pattern has already been broken below, and we are now waiting for a retest before entering the trade.
Entry: 1.9120
Stop Loss: 1.9193
Take Profits: 1.9034 and 1.8976
The market is currently at a key resistance level on the daily charts. We may expect a pullback for some time now, as this level serves as a significant horizontal level on the daily chart. Furthermore, when we examine the 1-hour chart, there is a clue indicating a potential trend reversal pattern known as the double top pattern. The neckline of this pattern has already been broken below, and we are now waiting for a retest before entering the trade.
Entry: 1.9120
Stop Loss: 1.9193
Take Profits: 1.9034 and 1.8976
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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.