GBPAUD | Strong Resistance. Can It Produce Reversal?
Hi,
Again, the risky GBP pair but I have to repeat myself, the trade is triggered only then when you have seen bearish candlestick pattern around the marked area!
Criteria:
1. The blue trendline should act as a resistance
2. Blue dotted minor trendline
3. The round number 1.85000
4. Fibonacci Extension
5. Channel projection
6. AB=CD
7. Previously worked resistance level in 2018
8! As said, wait for a bearish candlestick formation, otherways it is highly risky to trade it. The pattern has to form on 4H or on Daily.
Regards,
Vaido
Again, the risky GBP pair but I have to repeat myself, the trade is triggered only then when you have seen bearish candlestick pattern around the marked area!
Criteria:
1. The blue trendline should act as a resistance
2. Blue dotted minor trendline
3. The round number 1.85000
4. Fibonacci Extension
5. Channel projection
6. AB=CD
7. Previously worked resistance level in 2018
8! As said, wait for a bearish candlestick formation, otherways it is highly risky to trade it. The pattern has to form on 4H or on Daily.
Regards,
Vaido
Trade closed: target reached:
