Cup and handle or Trend-line break out
Two possible moves for
GBPAUD which is recently going sideways in 4H chart. 1. Short, Since the breakout of the blue trendline and retesting it possibly it will go down to retouch the 1.74085
If price break and close bellow the handle bottom, Get ready to sell.
SL-1.7956
TP-1.7409
2. Alternative scenario is for cup and handle to come on play. If price break and close above the top of the handle, Get ready to buy.
SL-1.7778
TP-1.8354
Trade active
Short trade triggeredNote
Be patient. Last one was a false breakout thar triggered us in to the market. But keep the trade active.
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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.