GBPAUD BUY FROM SUPPORT ZONESLike and comment if interested
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Good trades
NOTES:
- We follow the transactions we publish instantly and wait for our own signal strategies.
- We never trade as the price reaches the trade zone.
- Our analysis is not a buy or sell signal for you. It is not investment advice.
- trading with the signal is no better than having your own style.
Yours truly.
Gbpaudstrategy
GBPAUD Short OpportunityThis pair has recently formed a bearish flag right at 50% retracement and at Daily Resistance level which has numerous price activity around said level.
Also notice that price is at the Bottom Cloud foreboding a breakout any moment.
Volume is also decreasing as price rallies higher indicating that this is not a legitimate bullish move.
Stochastics also indicate that price is ready for a free fall as it is in overbought territories.
We enter positions either at the breakout of the bearish flag and/or Daily Resistance, or for more a conservative approach upon breakout of the trendline and place our stop losses above the bearish flag with take profit levels placed at a 1:1 ration of the pole measured from the breakout