GBPAUD Pending Sell Setup At Key Level
After a rally price is now testing a long term key level where we have good signs that we may have a reversal. Price is moving in rising wedge while we see a MACD divergence. A breakout below the wedge pattern will trigger a sell trade with stoploss and profit target as shown at the chart.
Entry price: 1.96608
Stoploss: 1.98641
Profit target: 1.91026
If this completes and work well, we should move stoploss at breakeven when we have profit equal to our risk.
Key level:
Entry price: 1.96608
Stoploss: 1.98641
Profit target: 1.91026
If this completes and work well, we should move stoploss at breakeven when we have profit equal to our risk.
Key level:
Order cancelled