Counter-trend setup for GBPAUD
PAIR IN FOCUS: GBPAUD
ACTION: SHORT
GBPAUD has been moving in an upward trend channel and yet again touched the upper bound of the channel. This is a counter-trend trade, aiming to provide a good R:R ratio. Since this is a GBP pair, the float has to be larger compared to other currency pairs.
TP 1 is the short-term target, while TP 2 at the lower bound will be the medium-term target.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
ACTION: SHORT
GBPAUD has been moving in an upward trend channel and yet again touched the upper bound of the channel. This is a counter-trend trade, aiming to provide a good R:R ratio. Since this is a GBP pair, the float has to be larger compared to other currency pairs.
TP 1 is the short-term target, while TP 2 at the lower bound will be the medium-term target.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
Note
TP 1 HIT!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.