GBPAUD bearish Bat setup for bears.
Bears here is a short opportunity for you.
GBPAUD has completed Bearish bat on H4. As I have shown a strong RESISTANCE from where price had been rejected many times. I think it might retest the resistance once again but in the long run it will have to go down here.
for me 2nd reason for shorting GBPAUD is on daily weekly and monthly time frames it has completed E5 Structure and now it is doing ABC Correction which looks like 5-3-5 (5 is completed, 3 is completed and looks 5 is going to start or already start and it will go downside for sure)
if we talk about short entries.
SL = high than Point D
TP 1 = Point C.
TP2 = Point A.
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Bears here is a short opportunity for you.
GBPAUD has completed Bearish bat on H4. As I have shown a strong RESISTANCE from where price had been rejected many times. I think it might retest the resistance once again but in the long run it will have to go down here.
for me 2nd reason for shorting GBPAUD is on daily weekly and monthly time frames it has completed E5 Structure and now it is doing ABC Correction which looks like 5-3-5 (5 is completed, 3 is completed and looks 5 is going to start or already start and it will go downside for sure)
if we talk about short entries.
SL = high than Point D
TP 1 = Point C.
TP2 = Point A.
Please hit like button and follow me for more ideas on weekly basis.