GBP/AUD Alert: Potential 98-Pip Opportunity with Latest SELL SigGBP/AUD 4H Analysis: Aiming for a 98-Pip Drop with New SELL Signal
Hello Traders,
Let's take a look at the GBP/AUD on the 4-hour chart, where we’ve just spotted a fresh SELL signal, hinting at a potential downward move.
Key Points:
- SELL Signal: We got a SELL signal around 1.95666, suggesting that the recent upward momentum might be losing steam.
- TP Zone: The target profit zone is between 1.95152 and 1.94690, offering a potential gain of around 51 to 98 pips from the entry point.
Market Structure: The price seems to be reacting to a resistance level, which could push it down towards our TP zone. Our trend indicators are also showing a bearish bias, which supports this potential move lower.
Trading Plan:
-Bearish Outlook: If the price moves as expected, setting your targets within the TP zone of 1.95152 to 1.94690 could offer a solid return. It’s important to keep an eye on how the price behaves as it approaches these levels.
- Risk Management: We typically adjust our positions based on new signals, allowing for flexibility in volatile markets. This approach helps in refining entry and exit points, so keep monitoring the price action and adapt as needed.
Friendly Reminder: This analysis is just a trade idea and should be considered as part of your broader trading strategy. Always do your own analysis to make sure it fits your risk tolerance and overall plan.
