GBPAUD: Ascending Channel leading the Trend- BEARISH.
Hello traders,
GBPAUD fetching its downtrend rally. On a weekly closing, GBPAUDmarking its presence around 1.83846. An impulse from 1.97225 solidify the ascending trend and favours the sellers. Ascending channel trend likely to endorse the sellers. The market may entertain the sellers until 1.62321. Due to longer time-frame, the signals can't move continuously. Besides, the signal has a chance for a pullback from uptrend which adds an extra advantage to the downtrend.
On the contrary, a throwback from the downtrend may change the price movement towards 1.91208. In this case, traders end your trade @ 1.91208 to avoid unnecessary losses.
Traders beware of these numbers and plan your trades according to that.
Happy trading.
GBPAUD fetching its downtrend rally. On a weekly closing, GBPAUDmarking its presence around 1.83846. An impulse from 1.97225 solidify the ascending trend and favours the sellers. Ascending channel trend likely to endorse the sellers. The market may entertain the sellers until 1.62321. Due to longer time-frame, the signals can't move continuously. Besides, the signal has a chance for a pullback from uptrend which adds an extra advantage to the downtrend.
On the contrary, a throwback from the downtrend may change the price movement towards 1.91208. In this case, traders end your trade @ 1.91208 to avoid unnecessary losses.
Traders beware of these numbers and plan your trades according to that.
Happy trading.
Trade active
Trade active:
Yet to break the support trend.
