GBPAUD Short Trade Idea
There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.