🔺The GBP/AUD pair has dropped over 180 pips and we believe this marks the beginning of a bearish move. For confirmation, we need to see the trend line break through the bullish pattern. Once confirmed, we can enter with strict risk management.
🔺However, this drop could be temporary and simply a small correction before a larger bullish move pushes the price to our second entry point. We have a secondary entry target in the area of liquidity. In the long term, the price is likely to fill this gap and then confirm the move. The target remains the same for both entries.
Please use proper risk management when trading forex and other instruments. Good luck and trade safely!❤️🏆
Team SetupsFX_✌️
🔺However, this drop could be temporary and simply a small correction before a larger bullish move pushes the price to our second entry point. We have a secondary entry target in the area of liquidity. In the long term, the price is likely to fill this gap and then confirm the move. The target remains the same for both entries.
Please use proper risk management when trading forex and other instruments. Good luck and trade safely!❤️🏆
Team SetupsFX_✌️
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Looking for intraday signals on Forex and XAUUSD (GOLD) with 98% Win Rate In Gold And 83% Win Rate In Forex!
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
Related publications
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.