Short Set Up on the Retracement for GBPAUD
GBPAUD is currently on a retracement level and we need to observe if it bounces of the 1.9452 or the 1.9497 levels.
The 1.9452 level is with confluence with the 50EMA dynamic resistance level which has been respected 4 times.
If we get a confirmation, we can short the pair with our TP to its most
recent swing low which will give us a minimum of 1:4 RR Ratio.
The 1.9452 level is with confluence with the 50EMA dynamic resistance level which has been respected 4 times.
If we get a confirmation, we can short the pair with our TP to its most
recent swing low which will give us a minimum of 1:4 RR Ratio.
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.