GBPAUD H4 | Heading into 38.2% Fibo resistanceGBP/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.90281 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 1.91000 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 1.88986 which is a swing-low support level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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