BluetonaFX - GBPAUD Triangle Break SHORT Idea
Hi Traders!
There is a potential triangle break on the GBPAUD 1D chart.
Price Action 📊
Descending triangle with lower highs and lower lows. The market has also broken and been below the 20 EMA for the past 5 days.
Looking for a momentum break below the support trendline for a possible short entry to the target area between 1.92500 and 1.92100.
Support 📉
1.93706: SUPPORT TRENDLINE
Resistance 📈
1.95070: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Fundamental Analysis 📰
We must be careful with the high-impact data expected today from the USD and EUR and the ECB press conference later.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a potential triangle break on the GBPAUD 1D chart.
Price Action 📊
Descending triangle with lower highs and lower lows. The market has also broken and been below the 20 EMA for the past 5 days.
Looking for a momentum break below the support trendline for a possible short entry to the target area between 1.92500 and 1.92100.
Support 📉
1.93706: SUPPORT TRENDLINE
Resistance 📈
1.95070: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Fundamental Analysis 📰
We must be careful with the high-impact data expected today from the USD and EUR and the ECB press conference later.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade active:
Momentum break to the downside, support line broken
Trade closed: target reached:
Target area reached.
