#GBPAUD: Two Buying Area Targeting 1.9950!

Mar 24

✴️ The GBPAUD currency pair presents an intriguing scenario. The Australian Dollar (AUD) previously demonstrated significant bullish momentum relative to other currencies, contributing to a prolonged bearish trend for GBPAUD.

✴️ However, the recent geopolitical conflict has negatively impacted both gold and the AUD, as investors increasingly favor safer currencies and assets during periods of instability.

✴️ We have identified two potential entry points for consideration. The initial entry is positioned at 1.9245, which aligns with the current trading price and appears to offer a more immediate and compelling opportunity. A secondary entry point at 1.9020 is available for those seeking a more conservative approach and additional confirmation.

✴️ Furthermore, our analysis is supported by both technical and fundamental indicators. Should the situation in the Middle East escalate, we anticipate a potential upward price movement towards 1.99 or even 2.00

✴️ We strongly advise the implementation of robust risk management strategies when engaging in trading activities. We wish you success and encourage safe trading practices.

🥇 First Entry Criteria:

🔺Buy Entry: 1.9248
🔺Stop Loss: 1.9048
🔺First Take Profit: 1.9448
🔺Second Take Profit: 1.9948

🥈 Second Entry Criteria:

🔺Buy Limit: 1.9010
🔺Stop Loss: 1.8810
🔺First Take Profit: 1.9448
🔺Second Take Profit: 1.9948

We encourage you to like and comment for further insights.

Team Setupsfx

#gbpaud #gbpaudbuy #gbpaudbuylimit #gbp #aud #smc #smartmoneyconcept #ict #swingtrading #daytrading #forextrading #forex #intraday

Apr 8

Trade active

130+ pips from our second entry, price is moving well, expecting a strong bullish continuation towards our swing target!