Get started
NoahXBorg

GBPAUD Multiple Confluence Sell

Short
British Pound / Australian Dollar (FX:GBPAUD)  
NoahXBorg  
FX:GBPAUD   British Pound / Australian Dollar
Supply and Demand Support and Resistance Trend Lines GBPAUD gbpaudshort gbpaudtrade gbpaudanalysis gbpaudsell gbpaudsignal gbpaudsetup gbpaudpattern gbpaudsignals
3
0
supplyanddemand supportandresistance trendline gbpaud gbpaudshort gbpaudtrade gbpaudanalysis gbpaudsell gbpaudsignal gbpaudsetup gbpaudpattern gbpaudsignals
High confluence sell area with multiple confirmation:
- 61.8% Fib Retracement level
- Previous minor flip/supply & liquidity zone (Red Zone)
- Touch of bearish trend trend line
- Break & Retest of counter-trend line (Watch for bearish candlestick signals)
- Price has started to make lower lows and lower highs

Entry:
Wait for 3 or more confirmation with good bearish structure/candle

Take Profits:
- Main Take Profit points will be at 1.87500 & 1.87000 (TP2 & TP3)
- TP 1 is a conservative exit (Best to take partial profits and set SL to BE if there is good bearish momentum)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.