GBPAUD Chart Pattern Prediction
Hey Guys,
I have came across this pair last week after saw imminent Head and Shoulder Pattern. So I waited the price to break out 1.9000 level to confirm it. It succeeded on last Thursday and started to pullback to the neckline.
In this strategy ,I have 2 confluences which consist of the Fibonacci Golden Ratio 61.8% and also the MA50. The price is acting at the said area now. So, I am looking into go shorting from the blue level and targeting my profit on green level with my stop loss at red level. Instantly it give minimum R:r ratio of 2:1.
Any comments from this strategy please do share below. Have a great day Traders!
https://www.tradingview.com/x/l12wrUQq/
I have came across this pair last week after saw imminent Head and Shoulder Pattern. So I waited the price to break out 1.9000 level to confirm it. It succeeded on last Thursday and started to pullback to the neckline.
In this strategy ,I have 2 confluences which consist of the Fibonacci Golden Ratio 61.8% and also the MA50. The price is acting at the said area now. So, I am looking into go shorting from the blue level and targeting my profit on green level with my stop loss at red level. Instantly it give minimum R:r ratio of 2:1.
Any comments from this strategy please do share below. Have a great day Traders!
https://www.tradingview.com/x/l12wrUQq/
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.