Hi Traders!
There is a potential triangle break on the GBPAUD 1D chart.
Price Action 📊
Descending triangle with lower highs and lower lows. The market has also broken and been below the 20 EMA for the past 5 days.
Looking for a momentum break below the support trendline for a possible short entry to the target area between 1.92500 and 1.92100.
Support 📉
1.93706: SUPPORT TRENDLINE
Resistance 📈
1.95070: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Fundamental Analysis 📰
We must be careful with the high-impact data expected today from the USD and EUR and the ECB press conference later.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a potential triangle break on the GBPAUD 1D chart.
Price Action 📊
Descending triangle with lower highs and lower lows. The market has also broken and been below the 20 EMA for the past 5 days.
Looking for a momentum break below the support trendline for a possible short entry to the target area between 1.92500 and 1.92100.
Support 📉
1.93706: SUPPORT TRENDLINE
Resistance 📈
1.95070: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Fundamental Analysis 📰
We must be careful with the high-impact data expected today from the USD and EUR and the ECB press conference later.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade active
Momentum break to the downside, support line brokenTrade closed: target reached
Target area reached.
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t.me/bluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.