KVE
Short

GBP/AUD: Bearish bat completes in a possible resistance zone!

FX_IDC:GBPAUD   POUND STERLING / AUSTRALIAN DOLLAR
20 2 2
a year ago
I am bearish on this pair based on the weekly chart from an important 50% fib level.
This bearish bat on the 4H chart on the right is in line with my bearish bias and since it completes at a possible resistance zone I think this might be a good oppourtunity.

I am taking 3 targets based on fib levels and the fact that this pair could be trading in a range between a support zone below and the forementioned resistance zone above. SL is above X and above 2.2150.

If we break support below then we still might be on our way to complete one of the patterns drawn in the daily chart on the left.
a year ago
Trade closed: target reached
KVE PRO
a year ago
The bat in the 4H chart on the right reads bullish but should of course read BEARISH, as in the title...
Reply
KVE PRO
a year ago
Missed my entry by 15 pips, sell orders deleted.
TP1 and TP2 were met however, people who had their entries lower might want to wait for TP3 to be met.
Waiting for a new setup now...

IDEA CLOSED!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out