GBPAUD: Medium-Term Trendline Broken
GBPAUD Timeframe: 1D
Direction: Short
Confluences for Trade:
- Strong Bearish Candle Formations
- Price broke M/T Trendline (Since Sept 2017)
- Fundamentally, Brexit uncertainty provides a bearish outlook on GBP while AUD may improve on higher chances of Trump and Xi get something agreed on regarding trade and with a more dovish FED, AUD being an investment grade country will see inflow back into their bond markets.
Suggested Trade:
Entry @ Area of Interest 1.7360 - 1.7620
SL: 1.7783
TP: 1.6773
RR: Approx. 2.33 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade closed: stop reached
SL hit.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.