GBPAUD Ascending Broadening Wedge: Is a Short Setup Forming?
Today, I want to share a Short opportunity on GBPAUD(
GBPAUD). Stay with me.
GBPAUD is currently trading around the upper boundary of a resistance zone(1.9400 AUD-1.9133 AUD).
From a classic technical analysis point of view, the chart seems to be forming an Ascending Broadening Wedge pattern. Since the third peak has formed within the resistance zone(1.9400 AUD-1.9133 AUD), we might be facing at least a downward correction.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
I expect GBPAUD to decline toward at least 1.9155 AUD, and if selling momentum increases, we could see a deeper drop.
First Target: 1.9155 AUD
Second Target: 1.9080 AUD
Stop Loss(SL): 1.9423 AUD
What’s your view on GBPAUD? Do you think it can break above the resistance zone(1.9400 AUD-1.9133 AUD) or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌British Pound/ Australian Dollar Analyze (GBPAUD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
GBPAUD). Stay with me. GBPAUD is currently trading around the upper boundary of a resistance zone(1.9400 AUD-1.9133 AUD).
From a classic technical analysis point of view, the chart seems to be forming an Ascending Broadening Wedge pattern. Since the third peak has formed within the resistance zone(1.9400 AUD-1.9133 AUD), we might be facing at least a downward correction.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
I expect GBPAUD to decline toward at least 1.9155 AUD, and if selling momentum increases, we could see a deeper drop.
First Target: 1.9155 AUD
Second Target: 1.9080 AUD
Stop Loss(SL): 1.9423 AUD
What’s your view on GBPAUD? Do you think it can break above the resistance zone(1.9400 AUD-1.9133 AUD) or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌British Pound/ Australian Dollar Analyze (GBPAUD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade ist aktiv
Anmerkung
Please transfer the stop loss (SL) to 1.92100 =>Risk-To-Reward: 1.07Trade geschlossen: Ziel wurde erreicht
Target Done(Risk-To-Reward: 1.07)
If you're still holding the GBPAUD position, please move your stop loss to breakeven (risk-free).
The take-profit level missed by just 0.0005 AUD based on the planned Risk-To-Reward: 1.60. Your broker may have filled the target (hopefully!). This is completely normal in financial markets, so we always prepare for every scenario. In this case, the position was closed in profit using a trailing stop.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.