GBPAUD: Your Trading Plan For This Week
Following a breakout of an important daily horizontal level, GBPAUD is currently consolidating within a horizontal range on a 4-hour timeframe.
Traders seeking a short-term selling opportunity should watch for a bearish break of the range's support, with a 4-hour candle closing below 1.890 providing a strong confirmation for a bearish trend.
In this scenario, a bearish move towards the 1.8800 level can be expected.
⚠On the other hand, a bullish breakout of the range's resistance could signal a potential uptrend continuation.
Traders seeking a short-term selling opportunity should watch for a bearish break of the range's support, with a 4-hour candle closing below 1.890 providing a strong confirmation for a bearish trend.
In this scenario, a bearish move towards the 1.8800 level can be expected.
⚠On the other hand, a bullish breakout of the range's resistance could signal a potential uptrend continuation.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999