GBPAUD Weekly Sell - broken trendline, sniper entry, parallel le
Updated
Last week, GBPAUD reached a new high for the year, but it has since retraced and is now consolidating at a parallel level. The trendline has been broken and multiple pinbars have been rejected, indicating a potential breakout. We can also see a small wedge formation about to break.
We can take advantage of this opportunity by entering as a sniper entry with a great Risk-Reward Ratio (RRR) setup.
We can take advantage of this opportunity by entering as a sniper entry with a great Risk-Reward Ratio (RRR) setup.
Trade closed: stop reached
After break out and profit +1%, The price unfortunately bounced to the new high and ended it as -1%.
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