💡Ideas For GBPAUD 🇬🇧/🇦🇺
📈 GBPAUD → A break of support activates a "Flag" on D1
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#GBPAUD breaks the base of the bullish correction, which activates the medium-term pattern "flag" on D1. An impulse is formed and the price updates the local minimum
A weak Pound Sterling (chart on the left) may break its support area and head towards 1.2000, which will trigger a fall in GBPAUD. Based on the overall situation, I can assume that after a local correction to the previously broken channel support, the price may continue its fall to 1.897, then to 1.8800. At the moment, I am interested in the resistance area of 1.9190-1.91800. The price is heading towards this area for a retest. There may be a false breakout or a rebound. Consolidation below this line will be a sell signal.
The moving averages are forming a strong signal, and a retest of MA-50 on D1 is a confirmation of the bearish market sentiment
Support levels: 1.897
Resistance levels: 1.9190, 1.9198
I am waiting for local growth to the mentioned resistance with subsequent fall on the basis of the pattern "Flag".
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#GBPAUD 🇬🇧/🇦🇺
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📈 GBPAUD → A break of support activates a "Flag" on D1
➖ ➖ ➖ ➖ ➖
#GBPAUD breaks the base of the bullish correction, which activates the medium-term pattern "flag" on D1. An impulse is formed and the price updates the local minimum
A weak Pound Sterling (chart on the left) may break its support area and head towards 1.2000, which will trigger a fall in GBPAUD. Based on the overall situation, I can assume that after a local correction to the previously broken channel support, the price may continue its fall to 1.897, then to 1.8800. At the moment, I am interested in the resistance area of 1.9190-1.91800. The price is heading towards this area for a retest. There may be a false breakout or a rebound. Consolidation below this line will be a sell signal.
The moving averages are forming a strong signal, and a retest of MA-50 on D1 is a confirmation of the bearish market sentiment
Support levels: 1.897
Resistance levels: 1.9190, 1.9198
I am waiting for local growth to the mentioned resistance with subsequent fall on the basis of the pattern "Flag".
➖ ➖ ➖ ➖ ➖
#GBPAUD 🇬🇧/🇦🇺
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🗣 Top FOREX Broker 🌟
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅