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.
We then saw a pullback and consolidation in a bullish pennant, which also signals a possible continuation. Could we see a break higher towards 1.8520
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.
We then saw a pullback and consolidation in a bullish pennant, which also signals a possible continuation. Could we see a break higher towards 1.8520
Once for the radar!
Trade closed: target reached
Target reached
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.
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.