GBPAUD SHORT
GBPAUD SHORT:
The market is currently at a key resistance level on the daily charts. We may expect a pullback for some time now, as this level serves as a significant horizontal level on the daily chart. Furthermore, when we examine the 1-hour chart, there is a clue indicating a potential trend reversal pattern known as the double top pattern. The neckline of this pattern has already been broken below, and we are now waiting for a retest before entering the trade.
Entry: 1.9120
Stop Loss: 1.9193
Take Profits: 1.9034 and 1.8976
The market is currently at a key resistance level on the daily charts. We may expect a pullback for some time now, as this level serves as a significant horizontal level on the daily chart. Furthermore, when we examine the 1-hour chart, there is a clue indicating a potential trend reversal pattern known as the double top pattern. The neckline of this pattern has already been broken below, and we are now waiting for a retest before entering the trade.
Entry: 1.9120
Stop Loss: 1.9193
Take Profits: 1.9034 and 1.8976
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