GBPAUD reversed nicely off its resistance, potential drop!
GBPAUD reversed nicely off its resistance at 1.8250 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.8031 (61.8% Fibonacci extension, 76.4% Fibonacci retracement). We do have to be cautious of the intermediate support at 1.8102 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) reversed off its resistance at 97% where it has a lot of downside potential.
Stochastic (89, 5, 3) reversed off its resistance at 97% where it has a lot of downside potential.
Trade closed: target reached
profit target reached! yes!
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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.