R.Linda Trading

A Professional View

A Professional View

Of The Market

Of The Market

R.Linda Trading

R.Linda Trading

R.Linda Trading - forecast

Trading signals for #GBPAUD → A break of support activates a "Flag" on D1

2023-10-25 07:29 FOREX forecast

💡Ideas For GBPAUD 🇬🇧/🇦🇺

📈 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 ✅

YOUR INVESTMENTS ARE YOUR RESPONSIBILITY

The information on the RLinda.com website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objective, experience, and risk appetite. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. RLinda, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

RLinda.com takes no responsibility for loss incurred as a result of the content provided inside of our Telegram groups. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are.

The RLinda.com website uses cookies in order to provide you with the best experience. By visiting our website with your browser set to allow cookies, or by accepting our cookie policy notification you consent to our privacy policy, which details our cookie policy.

COMPANY

SERVICE

Terms of Service