GBPAUD Technical Analysis and Potential Trading Strategy
The GBPAUD is exhibiting a favorable potential for an upward movement. To assess possible trading opportunities, scrutinize the 4-hour chart where the current price is situated near the resistance level of 1.93339. If this level is convincingly surpassed by a robust and healthy bullish candle, it could signal an opportunity to achieve TP1. Furthermore, should the TP1 area be breached by another strong impulsive buying candle, there is a likelihood of a continued upward push towards the 1.9550 area, serving as TP2.
Trade closed: target reached
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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.