Hello Traders,
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
Where,
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to...
BNB recently respected its old support at 227 & get a nice bounce from there so if it goes in this same direction then the next targets will be:
1st>>>400
2nd>>>608
3rd>>>680 OR
If can't hold it upward move & fall below 227 support then we will see it's in a new DIP.
So, take advantage of both scenarios as per your strategy & capital.
HAPPY...
If it breaks upward trendline & makes a DOUBLE BUTTON; be alert that time cause it'll be going MOON
Or if break downward then be READY to SHORT . . . .
I take this short sell trade on SBI now for intraday on Equity, cause it's may take more than 1 day
Risk to reward: 1.5 (Take only 2% of your capital risk)
AUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000
Confirmation:
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(i) Already in a downtrend
(ii) Double/Tripple Top chat pattern formed & fall
(iii) Short term uptrend line break
(iv) symmetrical triangle pattern break
USE ONLY 2% OF CAPITAL PER TRADE
