Get started
forexnoobmaster007

Reversion from upper trendline, back to test the lower tendline.

Short
British Pound / Australian Dollar (FX:GBPAUD)  
forexnoobmaster007 Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Wave Analysis GBPAUD gbpaudshort shortsetup sellsignal
1
0
trendanalysis chartpattern waveanalysis gbpaud gbpaudshort shortsetup sellsignal
The pair has been moving in a channel pattern from the past two months. It has recently tested the upper trendline and has reverted back with the aim of testing the lower trendline. The expected target for the trade is at 1.81645. The Range of 1.84053 – 1.85157 is a strong resistance area for the pair. The stop loss for the trade will be at 1.85157.
Trade closed: target reached:
cheers!!!!!
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.