GBPAUD: Buying Opportunities at Support
This time let's talk about a possible buying opportunity. The price reached the support zone. RSI line confirms the price reversal as well as MACD histogram. MACD lines support a possible upside movement.
If the price breaks the main downtrend line, it will be an additional bullish signal. It will be possible to open long positions using reversal and breakout signals in the daily and hourly timeframes. Stop orders must be placed below 1.80600 support and the local swing low. Profit targets should be placed at the resistance. Risk per trade must be no more than 1-2% from the trading capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the main downtrend line, it will be an additional bullish signal. It will be possible to open long positions using reversal and breakout signals in the daily and hourly timeframes. Stop orders must be placed below 1.80600 support and the local swing low. Profit targets should be placed at the resistance. Risk per trade must be no more than 1-2% from the trading capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Penafian
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