Simple analysis of a bearish reversal.
Appears to be a channel in GBP/AUD. Momentum also appears to be declining along with volume.
Green line -> T/P
Orange Line -> S/L
Appears to be a channel in GBP/AUD. Momentum also appears to be declining along with volume.
Green line -> T/P
Orange Line -> S/L
Trade active
RSI was also showing as overbought.Note
Moved stop loss, so still in and glad I did!Note
Doubled down on my current losses, v confident this in fact a bearish reversal. Hodling to the floor.
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.
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.