kuutee

Sell GBPAUD, retracement at least.

Short
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD is probably going down, for a retracement at least.

SL: 100
TP1: 1.83850, RR 1:2
TP2: 1.80360, RR 1:5

TP1 reasons:
Pivot point at 1.836.
Fib retracement 0.5 at the same place.
Previous swing high at the same place.
Stochastic 4h and 1D OB, 1W almost OB.

TP2 reasons:
Previous swing low at 1.8 (1.795),
which is also a significant level.
Fib retracement 1.0 at the same place.
Stochastic 4h and 1D OB, 1W almost OB.

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.