GBPAUD Sell a Break Setup.
Updated
GBPAUD - Intraday - We look to Sell a break of 1.8238 (stop at 1.8263)
Trades with a bearish descending triangle formation.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.8238, which will confirm the bearish sentiment.
Expect trading to remain mixed and volatile.
The RSI is trending lower.
The bias is to break to the downside.
Our profit targets will be 1.8163 and 1.8142
Resistance: 1.8310 / 1.8373 / 1.8400
Support: 1.8246 / 1.8183 / 1.8150
Trades with a bearish descending triangle formation.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.8238, which will confirm the bearish sentiment.
Expect trading to remain mixed and volatile.
The RSI is trending lower.
The bias is to break to the downside.
Our profit targets will be 1.8163 and 1.8142
Resistance: 1.8310 / 1.8373 / 1.8400
Support: 1.8246 / 1.8183 / 1.8150
Order cancelled
Trade wasn't filled.
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