💡The analysis shown in the chart displays a technical analysis of the GBPAUD currency pair on the 4-hour frame. There is a clear breach of the upper border of the channel, indicating a possible trend reversal from bearish to bullish. A “Break the Channel” area is marked to indicate where the channel has been breached.
Uptrend: If the price manages to stay above the channel, it may target the resistance levels (R.1). The other scenario: If the breakout fails, the price may return to test support areas such as (S.1). The MACD appears to be indicating a shift in momentum from bearish to bullish, supporting the breakout movement.
⛔️It is not investment advice, for educational purposes only.
Uptrend: If the price manages to stay above the channel, it may target the resistance levels (R.1). The other scenario: If the breakout fails, the price may return to test support areas such as (S.1). The MACD appears to be indicating a shift in momentum from bearish to bullish, supporting the breakout movement.
⛔️It is not investment advice, for educational purposes only.
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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.