GBP/AUD Technical Analysis - 2H Chart Bearish Breakout Potential
Hey traders, here’s the scoop on GBP/AUD:
The price is currently trading around $1.927190, just below the 21 EMA (yellow line at $1.927662), indicating potential bearish momentum.
The price is hovering near an upward trendline, which could act as support.
Key Levels:
Support: $1.924518, $1.916509
Resistance: $1.933674
Entry Strategy:
Short Position: Look for a pullback to the 21 EMA ($1.927662) and ensure a strong bearish candle closes below this level. That’s your potential entry point confirming bearish momentum.
🎯 Profit Targets:
Target 1: $1.924518
Target 2: $1.916509
Stop-Loss: Set your stop-loss just above $1.927662 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bullish.
Monitor price action closely. Trade smart!
The price is currently trading around $1.927190, just below the 21 EMA (yellow line at $1.927662), indicating potential bearish momentum.
The price is hovering near an upward trendline, which could act as support.
Key Levels:
Support: $1.924518, $1.916509
Resistance: $1.933674
Entry Strategy:
Short Position: Look for a pullback to the 21 EMA ($1.927662) and ensure a strong bearish candle closes below this level. That’s your potential entry point confirming bearish momentum.
🎯 Profit Targets:
Target 1: $1.924518
Target 2: $1.916509
Stop-Loss: Set your stop-loss just above $1.927662 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bullish.
Monitor price action closely. Trade smart!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.