gbpaud h4 short from resistance tp +250 pips

🔸Hello traders, let's review the 4hour chart for GBPAUD today. Strong
V-shape recovery in progress, however also expecting a decent/normal
pullback once we hit the strong overhead resistances.

🔸Heavy overhead resistances will trigger a pullback. Resistances set
at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level
below at 9265 will be likely targeted by the bears in the pullback mode.

🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near
resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips
final TP exit at 9550. swing trade setup, time required to hit both targets.
good luck traders!

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تعليق:

expecting reversal from overhead