Rounded Bottom Pullback on GBPAUD
We saw GBPAUD form a rounded bottom on the H4 timeframe, which is usually a bullish reversal sign after a sustained drop.
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
Could we see a pullback to 1.802 then a continuation to the target area at 1.825?
Once for the radar
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
Could we see a pullback to 1.802 then a continuation to the target area at 1.825?
Once for the radar
Trade closed: target reached
GBP was too strong and we barely saw any pullbacks and it went straight to target
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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.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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.