glennmercer
Short

GBPAUD Short: 3 Patterns Confluent w/ WW and TL Resistance

FX:GBPAUD   British Pound/Australian Dollar
GBPAUD             has been rejected at the PRZ of 3 bearish patterns: Alt. Bat, and 2 Bearish Crabs. A bullish engulfing candle suggests continued downward PA in the short term, and trendline resistance in addition to missed pivots below price may help to drag price down long term. On the D1 chart, a potential head and shoulders pattern is emerging. Targets are placed at the unhit weekly pivot and the head and shoulders neckline.

Confluence in the PRZ:

D1 H&S Pattern:
snapshot

Thanks for viewing!
Trade closed: target reached: T1 Achieved: +274 Pips, closed half and moved SL to B/E
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out