GBPAUD - Continuing the downside (Revised target to 1.982)

FX:GBPAUD   British Pound / Australian Dollar
214 3 5
Continuation from the previous analysis:

Weekly Head and Shoulders , price action has been quite choppy for the past two weeks, but patience will definitely pay off on this trade.

Obstacle 1: Weekly Break out from the minor price channel
Obstacle 2: Break of the neckline (2.08724)

The above will clear the way to 2.02135/1.982 eventually and the larger 1.9 if we get lucky.
Three profit targets, positive swaps on GBPAUD             shorts.

Price retested 2.14 and i'm expecting a test to 2.15 level, I think this might be the last retrace before the declines start.
Order cancelled: Scaling down the positions. 2.175 will be a surprise upside move, likely!
I remember this chart. Can you post an updated one with the recent test to 2.15?
jangseohee justatrader
sure, it spike higher and then reverse as expected
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out