GBPAUD: Daily confluence for a sell.
Updated
Yesterdays daily candle is looking very bearish. It closed engulfing the previous day candle and breaking a major support level.
I'm expecting a continuation of this bearish move but will wait for a retest of resistance before selling. Targets will be the previous daily support level and stops are just above previous highs.
TARGETS: 1.739
ENTRY: 1.76
STOP LOSS: 1.774
YEARN-FOREX
I'm expecting a continuation of this bearish move but will wait for a retest of resistance before selling. Targets will be the previous daily support level and stops are just above previous highs.
TARGETS: 1.739
ENTRY: 1.76
STOP LOSS: 1.774
YEARN-FOREX
Note
This is a good time to set yout stop loss to break even or to take partial profits.Trade closed: target reached
Depending on your broker the limit order target may or may not have triggered.
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