GBPAUD Overnight Sell Stop Setup.
Updated
GBPAUD - Intraday - We look to Sell a break of 1.8119 (stop at 1.8157)
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Pivot support is at 1.8148.
Expect trading to remain mixed and volatile.
A break of 1.8120 is needed to confirm follow through negative momentum.
Short term MACD has turned negative.
The bias is to break to the downside.
Our profit targets will be 1.8005 and 1.7981
Resistance: 1.8170 / 1.8200 / 1.8270
Support: 1.8140 / 1.8080 / 1.8000
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Pivot support is at 1.8148.
Expect trading to remain mixed and volatile.
A break of 1.8120 is needed to confirm follow through negative momentum.
Short term MACD has turned negative.
The bias is to break to the downside.
Our profit targets will be 1.8005 and 1.7981
Resistance: 1.8170 / 1.8200 / 1.8270
Support: 1.8140 / 1.8080 / 1.8000
Trade closed: target reached
Take profit hit!
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