GBPAUD SHORT! Price Is At All-Time Target and Trendline This is overall overview of this pair.
Follow channel for more detail approach on Short opportunity.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
Gbpaudtrade
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
retesting 2.000 as previously anticipated in my last market breakdown. You have to make sure you respect these whole even numbers. 2.000 is a strong psychological key level that GBPAUD has been floating around for some time. Looking bullish for now but no trades for us just yet. GBPAUD is at a make it or break it level we need to sustain above 2.000 or we’re going to roll over back to the downside.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
GBPAUD is pushing down a bit, but I’m not fully convinced we’re heading to the downside just yet. You have to keep in mind that 2.000 is a strong psychological key level that we have been floating around for some time. I believe that we will see a few more rejections off 2.000 before heading lower. I’m also not weighing out the possibility that we could start climbing back to the upside. Keeping a very close eye on this pair for the time being.
GBPAUD potential bounce!
GBPAUD expected to reverse up to 1st support at 1.94968 where it could potentially react and bounce to its resistance at 1st resistance at 1.95581.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GbpAud- confirmed 700 pips targetFrom the mid of December, GbpAud is trading in a rising wedge pattern.
Yesterday the pair has closed the session under the rising support line, confirming the change of medium-term trend and a potential 700 pips target.
First important support comes into place at 1.92 zone.