GBPAUD has reached significant structure resistance level 1.8.
After the price has tested this level, we see a very telling rejection candle
and formation of a double top pattern.
then the market has violated the rising wedge pattern,
leaving us clues about weakening bullish momentum.
Currently, I am focused on 1.79 level.
if bears break and close below this level,
I will short the market with my targets based on structure.
T1 - 1.78
T2 - 1.77
Order cancelled
Invalid setup
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.