GBPAUD (Short)
There is a good potential trade entry to take with a good risk-reward ratio.
Starting with the Weekly chart:
-The market is currently bearish and trading below the moving average
Moving to the Daily chart:
-Where the market has broken the recent consolidating zone and trading below the moving average
Going to the 4hour chart:
-Where the market is making lower lows and lower highs and therefore indicates a bearish momentum
I would enter the market with the following criteria:
Sell Limit @ 1.8140
SL@ 1.8200
TP1@ 1.7940 (RR: 3.33)
TP2@ 1.8100 (RR: 5.46)
Starting with the Weekly chart:
-The market is currently bearish and trading below the moving average
Moving to the Daily chart:
-Where the market has broken the recent consolidating zone and trading below the moving average
Going to the 4hour chart:
-Where the market is making lower lows and lower highs and therefore indicates a bearish momentum
I would enter the market with the following criteria:
Sell Limit @ 1.8140
SL@ 1.8200
TP1@ 1.7940 (RR: 3.33)
TP2@ 1.8100 (RR: 5.46)
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