GBPAUD Bearish Reversal Opportunity
GBPAUD is near a key resistance zone. A potential Bearish reversal may occur if the price action breaks the previous Higher Low.
Bears may eventually face a strong support zone around 1.8625 till 1.8393. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.949
Stop Loss @ 2.0048
TP1 @ 1.8932
TP2 @ 1.8374
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
Bears may eventually face a strong support zone around 1.8625 till 1.8393. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.949
Stop Loss @ 2.0048
TP1 @ 1.8932
TP2 @ 1.8374
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
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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.
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.