GBPAUD to gain strength
The pair has reached the zone which has acted as a support in September 2020 and also in July 2019. Last week because of Brexit news the pair opened with a bullish gap, which was acting as a support in previous week, but now the pair has filled that gap with double bottom formation and positive RSI divergence and currently trading above the neckline of the bottom.
The pair is trading in a bullish flag pattern on smaller time frame. and is expected to perform better.
Risk takers can take a entry now, safe traders can add only above 1.7765 for the targets of 1.79 1.80 1.8283 and 1.8450 with a stop loss below 1.7483
The pair is trading in a bullish flag pattern on smaller time frame. and is expected to perform better.
Risk takers can take a entry now, safe traders can add only above 1.7765 for the targets of 1.79 1.80 1.8283 and 1.8450 with a stop loss below 1.7483
Note
Hello Tradersand we have success here of massive 175 pips from the entry point
and 135 pips for safe traders. please update your SL to 1.77 on 4 hour closing basis
Trade closed manually
Trailing SL hit
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.